LGT Capital Partners LTD. Trims Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

LGT Capital Partners LTD. decreased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 655,000 shares of the financial services provider's stock after selling 60,000 shares during the quarter. LGT Capital Partners LTD. owned approximately 0.70% of Sixth Street Specialty Lending worth $13,447,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

TSLX has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Wells Fargo & Company cut 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 report on Tuesday, October 29th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price for the company in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods cut 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of "Buy" and a consensus target price of $22.00.

Sixth Street Specialty Lending Trading Up 0.3 %

Shares of Sixth Street Specialty Lending stock traded up $0.06 on Tuesday, reaching $20.56. 176,072 shares of the company's stock were exchanged, compared to its average volume of 349,499. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market capitalization of $1.92 billion, a P/E ratio of 9.98 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.35. The firm's 50-day moving average is $20.54 and its two-hundred day moving average is $21.01.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $119.22 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.60 earnings per share. Sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.05 per share. This represents a dividend yield of 9.1%. The ex-dividend date is Monday, December 16th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 89.32%.

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.