Commonwealth Equity Services LLC Sells 48,241 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Commonwealth Equity Services LLC reduced its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 34.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,778 shares of the financial services provider's stock after selling 48,241 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.10% of Sixth Street Specialty Lending worth $1,997,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Van ECK Associates Corp lifted its position in Sixth Street Specialty Lending by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider's stock worth $50,972,000 after acquiring an additional 103,634 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Sixth Street Specialty Lending by 5.6% in the fourth quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider's stock valued at $49,104,000 after purchasing an additional 122,312 shares during the last quarter. Progeny 3 Inc. increased its stake in shares of Sixth Street Specialty Lending by 10.6% during the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock worth $46,249,000 after purchasing an additional 215,996 shares during the period. JPMorgan Chase & Co. lifted its holdings in Sixth Street Specialty Lending by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock worth $24,131,000 after purchasing an additional 162,810 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Sixth Street Specialty Lending by 1.1% in the 3rd quarter. Two Sigma Advisers LP now owns 867,286 shares of the financial services provider's stock valued at $17,805,000 after purchasing an additional 9,700 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

TSLX stock traded up $0.05 during mid-day trading on Monday, hitting $22.39. The stock had a trading volume of 694,180 shares, compared to its average volume of 341,458. The firm has a fifty day simple moving average of $22.49 and a 200 day simple moving average of $21.41. The firm has a market capitalization of $2.10 billion, a P/E ratio of 11.03 and a beta of 1.08. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The business had revenue of $123.70 million for the quarter, compared to analysts' expectations of $120.07 million. As a group, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current 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 paid a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 6.99%. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio is currently 90.64%.

Analyst Upgrades and Downgrades

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

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.