Stifel Financial Corp Increases Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Stifel Financial Corp raised its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 5.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 550,995 shares of the financial services provider's stock after acquiring an additional 27,960 shares during the period. Stifel Financial Corp owned about 0.59% of Sixth Street Specialty Lending worth $11,312,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Sixth Street Specialty Lending by 26.8% in the third quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider's stock valued at $524,000 after buying an additional 5,398 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its position in shares of Sixth Street Specialty Lending by 98.6% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider's stock valued at $2,971,000 after acquiring an additional 71,849 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Sixth Street Specialty Lending by 5.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 572,480 shares of the financial services provider's stock worth $12,222,000 after purchasing an additional 29,365 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Sixth Street Specialty Lending by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider's stock valued at $47,117,000 after purchasing an additional 141,463 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in shares of Sixth Street Specialty Lending by 6.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,279,000 shares of the financial services provider's stock valued at $27,307,000 after purchasing an additional 79,000 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Down 0.2 %

NYSE TSLX traded down $0.04 on Thursday, reaching $21.36. The company had a trading volume of 267,389 shares, compared to its average volume of 345,832. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 10.37 and a beta of 1.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $22.35. The business has a 50 day moving average of $20.72 and a two-hundred day moving average of $20.99.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $119.22 million for the quarter, compared to analysts' expectations of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same period in the prior year, the business posted $0.60 earnings per share. Analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be paid a $0.05 dividend. This represents a yield of 7.59%. The ex-dividend date is Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 89.32%.

Analyst Ratings Changes

TSLX has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research note on Thursday, November 7th. LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their price objective on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of "Buy" and an average target price of $22.00.

About Sixth Street Specialty Lending

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.