Franklin Resources Inc. Has $7.27 Million Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Franklin Resources Inc. grew its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 341,477 shares of the financial services provider's stock after acquiring an additional 14,394 shares during the quarter. Franklin Resources Inc. owned 0.37% of Sixth Street Specialty Lending worth $7,273,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSLX. Trust Co. of Vermont acquired a new stake in Sixth Street Specialty Lending in the fourth quarter worth $39,000. First Horizon Advisors Inc. grew its stake in shares of Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after buying an additional 465 shares in the last quarter. Signaturefd LLC increased its position in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock worth $100,000 after buying an additional 550 shares during the last quarter. EMC Capital Management increased its holdings in shares of Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC bought a new position in Sixth Street Specialty Lending in the 4th quarter valued at about $207,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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Sixth Street Specialty Lending Trading Up 1.5 %

Shares of NYSE:TSLX traded up $0.30 during mid-day trading on Tuesday, reaching $20.24. 187,985 shares of the company's stock were exchanged, compared to its average volume of 361,245. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $23.67. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 9.98 and a beta of 0.88. The business's fifty day moving average price is $22.08 and its 200-day moving average price is $21.39.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The company had revenue of $123.70 million during the quarter, compared to analysts' expectations of $120.07 million. On average, research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a dividend yield of 6.99%. Sixth Street Specialty Lending's dividend payout ratio is 90.64%.

Wall Street Analyst Weigh In

TSLX has been the subject of a number of analyst reports. Truist Financial lifted their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods raised their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Royal Bank of Canada upped their price objective on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Wells Fargo & Company boosted their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.