Stifel Financial Corp Boosts Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Stifel Financial Corp lifted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 638,793 shares of the financial services provider's stock after acquiring an additional 87,798 shares during the period. Stifel Financial Corp owned 0.68% of Sixth Street Specialty Lending worth $13,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLX. CANADA LIFE ASSURANCE Co increased its stake in Sixth Street Specialty Lending by 32.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 43,554 shares of the financial services provider's stock valued at $928,000 after purchasing an additional 10,641 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Sixth Street Specialty Lending by 6.3% in the 4th quarter. Guggenheim Capital LLC now owns 25,587 shares of the financial services provider's stock valued at $545,000 after buying an additional 1,520 shares during the period. XTX Topco Ltd acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at about $392,000. Savvy Advisors Inc. purchased a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth about $486,000. Finally, Advisors Capital Management LLC boosted its position in shares of Sixth Street Specialty Lending by 3.9% in the fourth quarter. Advisors Capital Management LLC now owns 694,616 shares of the financial services provider's stock worth $14,795,000 after acquiring an additional 26,389 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Down 1.9 %

NYSE:TSLX traded down $0.39 during mid-day trading on Monday, hitting $20.04. The company had a trading volume of 444,323 shares, compared to its average volume of 361,051. The business has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $21.38. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.87 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $23.67. 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 (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping 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 firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

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

Analyst Ratings Changes

TSLX has been the subject of several research analyst reports. Truist Financial upped their price target 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 upped their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Royal Bank of Canada lifted their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Wells Fargo & Company upped their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending 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.