Denali Advisors LLC Decreases Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Denali Advisors LLC lowered its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,976 shares of the financial services provider's stock after selling 12,916 shares during the quarter. Denali Advisors LLC owned approximately 0.22% of Sixth Street Specialty Lending worth $4,430,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its position in Sixth Street Specialty Lending by 25.3% during 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 during the period. Cornerstone Wealth Management LLC boosted its position in Sixth Street Specialty Lending by 1.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider's stock worth $984,000 after purchasing an additional 621 shares during the period. Bank of New York Mellon Corp boosted its position in Sixth Street Specialty Lending by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider's stock worth $273,000 after purchasing an additional 909 shares during the period. Platform Technology Partners boosted its position in Sixth Street Specialty Lending by 3.5% during the fourth quarter. Platform Technology Partners now owns 28,925 shares of the financial services provider's stock worth $616,000 after purchasing an additional 980 shares during the period. Finally, Confluence Investment Management LLC boosted its position in Sixth Street Specialty Lending by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider's stock worth $5,350,000 after purchasing an additional 1,273 shares during the period. Institutional investors own 70.25% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

TSLX has been the subject of a number of research reports. Truist Financial increased their target price on shares of 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 increased their target price on shares of 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. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Royal Bank of Canada increased 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 research report on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.07.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock traded up $0.34 on Friday, reaching $23.53. The stock had a trading volume of 373,370 shares, compared to its average volume of 377,674. The business's 50 day moving average is $22.01 and its two-hundred day moving average is $21.20. The company has a market cap of $2.20 billion, a P/E ratio of 11.59 and a beta of 1.06. 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 1 year low of $19.50 and a 1 year high of $23.66.

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

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a $0.07 dividend. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a yield of 6.99%. The ex-dividend date of this dividend is Friday, February 28th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 90.64%.

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.