Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Holdings Boosted by TrueMark Investments LLC

TrueMark Investments LLC raised its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,155 shares of the financial services provider's stock after acquiring an additional 60,119 shares during the period. Sixth Street Specialty Lending makes up 1.5% of TrueMark Investments LLC's portfolio, making the stock its 27th biggest position. TrueMark Investments LLC owned about 0.23% of Sixth Street Specialty Lending worth $4,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLX. Trust Co. of Vermont acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $39,000. First Horizon Advisors Inc. lifted its stake in shares of 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 worth $49,000 after purchasing an additional 465 shares in the last quarter. Quarry LP boosted 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 buying an additional 3,238 shares during the period. Signaturefd LLC grew its stake in shares of Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after buying an additional 550 shares in the last quarter. Finally, EMC Capital Management raised its holdings 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 buying an additional 3,242 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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Sixth Street Specialty Lending Stock Down 0.9 %

Shares of TSLX traded down $0.21 during midday trading on Friday, hitting $22.34. The company had a trading volume of 310,253 shares, compared to its average volume of 342,514. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 11.00 and a beta of 1.08. The company's 50 day moving average price is $22.46 and its 200 day moving average price is $21.39. 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 52 week low of $19.50 and a 52 week 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 for the quarter, beating 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 during the quarter, compared to analyst estimates of $120.07 million. On average, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current 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 given a dividend of $0.07 per share. This is a positive change from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a dividend yield of 6.99%. The ex-dividend date of this dividend was Friday, February 28th. Sixth Street Specialty Lending's dividend payout ratio is currently 90.64%.

Analyst Ratings Changes

TSLX has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Truist Financial raised their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on 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. Finally, LADENBURG THALM/SH SH cut 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 MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of "Moderate Buy" and a consensus price target of $23.17.

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.