Union Bancaire Privee UBP SA Takes $392,000 Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Union Bancaire Privee UBP SA purchased a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 18,384 shares of the financial services provider's stock, valued at approximately $392,000.

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont bought a new position in Sixth Street Specialty Lending in the fourth quarter valued at about $39,000. Quarry LP lifted its stake in shares of Sixth Street Specialty Lending by 378.3% in the 3rd 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 period. Future Financial Wealth Managment LLC purchased a new position in shares of Sixth Street Specialty Lending in the third quarter worth approximately $86,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sixth Street Specialty Lending in the third quarter worth approximately $196,000. Finally, ProShare Advisors LLC grew its position in Sixth Street Specialty Lending by 14.5% during the second quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider's stock valued at $320,000 after buying an additional 1,898 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

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

Sixth Street Specialty Lending Price Performance

TSLX stock traded up $0.12 during trading on Friday, reaching $22.40. The company's stock had a trading volume of 296,097 shares, compared to its average volume of 252,508. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The company's fifty day moving average is $21.37 and its 200-day moving average is $20.94. The company has a market capitalization of $2.09 billion, a P/E ratio of 10.87 and a beta of 1.05. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $22.42.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The firm had revenue of $119.22 million during the quarter, compared to analysts' expectations of $119.85 million. During the same quarter last year, the business posted $0.60 earnings per share. On average, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

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.