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

TrueMark Investments LLC boosted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 38.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,155 shares of the financial services provider's stock after buying an additional 60,119 shares during the quarter. Sixth Street Specialty Lending makes up about 1.5% of TrueMark Investments LLC's holdings, making the stock its 27th largest position. TrueMark Investments LLC owned 0.23% of Sixth Street Specialty Lending worth $4,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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. boosted its stake in 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 valued at $49,000 after acquiring an additional 465 shares in the last quarter. Quarry LP grew its holdings in shares of Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock worth $84,000 after purchasing an additional 3,238 shares during the last quarter. Signaturefd LLC increased its position in shares of Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock worth $100,000 after purchasing an additional 550 shares in the last quarter. Finally, EMC Capital Management increased its position in shares of Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock worth $144,000 after purchasing an additional 3,242 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX traded down $0.21 on Friday, hitting $22.34. 310,253 shares of the company's stock were exchanged, compared to its average volume of 340,047. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 11.00 and a beta of 1.08. The firm's 50-day moving average price is $22.48 and its two-hundred day moving average price is $21.40. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $23.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $123.70 million for the quarter, compared to analysts' expectations of $120.07 million. On average, research analysts expect 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 issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 6.99%. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio is currently 90.64%.

Analyst Upgrades and Downgrades

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

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.