Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Trexquant Investment LP

Trexquant Investment LP reduced its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 164,519 shares of the financial services provider's stock after selling 39,004 shares during the period. Trexquant Investment LP owned approximately 0.18% of Sixth Street Specialty Lending worth $3,504,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TSLX. Trust Co. of Vermont acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter valued at $39,000. First Horizon Advisors Inc. raised its position in shares of Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock worth $49,000 after acquiring an additional 465 shares during the period. Quarry LP raised its position 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 worth $84,000 after acquiring an additional 3,238 shares during the period. Signaturefd LLC boosted its stake in shares of Sixth Street Specialty Lending by 13.3% during the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock worth $100,000 after acquiring an additional 550 shares in the last quarter. Finally, EMC Capital Management grew its position in shares of Sixth Street Specialty Lending by 92.5% during the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after acquiring an additional 3,242 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSLX. LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods lifted their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Royal Bank of Canada lifted their target price on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock traded up $0.00 during trading hours on Friday, reaching $19.79. 670,999 shares of the company's stock were exchanged, compared to its average volume of 359,458. The business has a fifty day moving average of $22.13 and a two-hundred day moving average of $21.39. The company has a market capitalization of $1.85 billion, a P/E ratio of 9.75 and a beta of 0.88. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year 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 the consensus estimate 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 company had revenue of $123.70 million during the quarter, compared to analysts' expectations of $120.07 million. As a group, research analysts predict 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 business also recently disclosed a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a yield of 6.99%. This is a positive change from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's payout ratio is 90.64%.

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.