Stratos Wealth Advisors LLC Purchases New Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Stratos Wealth Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,567 shares of the financial services provider's stock, valued at approximately $545,000.

A number of other hedge funds also recently added to or reduced their stakes in TSLX. Trust Co. of Vermont acquired a new stake in Sixth Street Specialty Lending during the 4th quarter worth approximately $39,000. Quarry LP boosted its stake in shares of Sixth Street Specialty Lending by 378.3% in the third quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock valued at $84,000 after buying an additional 3,238 shares in the last quarter. EMC Capital Management boosted its stake in shares of Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after buying an additional 3,242 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sixth Street Specialty Lending in the third quarter valued at approximately $196,000. Finally, Grimes & Company Inc. boosted its stake in shares of Sixth Street Specialty Lending by 16.4% in the third quarter. Grimes & Company Inc. now owns 18,400 shares of the financial services provider's stock valued at $378,000 after buying an additional 2,591 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX remained flat at $22.08 on Tuesday. The company's stock had a trading volume of 288,320 shares, compared to its average volume of 279,512. The stock has a market capitalization of $2.06 billion, a PE ratio of 10.72 and a beta of 1.06. 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 business has a fifty day moving average of $21.50 and a two-hundred day moving average of $20.98. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $22.47.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 7.59%. Sixth Street Specialty Lending's dividend payout ratio is presently 89.32%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TSLX shares. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods cut their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price target for the company in a report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of "Buy" and a consensus price target of $22.33.

Sixth Street Specialty Lending Company 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.