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

Union Bancaire Privee UBP SA purchased a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,384 shares of the financial services provider's stock, valued at approximately $392,000.

Several other large investors also recently added to or reduced their stakes in TSLX. Columbus Macro LLC purchased a new stake in Sixth Street Specialty Lending during the fourth quarter valued at about $7,669,000. Progeny 3 Inc. lifted its stake in shares of Sixth Street Specialty Lending by 10.6% during the 3rd quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock valued at $46,249,000 after buying an additional 215,996 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sixth Street Specialty Lending by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock valued at $24,131,000 after buying an additional 162,810 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Sixth Street Specialty Lending by 498.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider's stock worth $3,976,000 after buying an additional 161,295 shares during the period. Finally, Van ECK Associates Corp grew its stake in Sixth Street Specialty Lending by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider's stock valued at $47,117,000 after buying an additional 141,463 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Remove Ads

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX traded up $0.41 during midday trading on Friday, hitting $23.53. 373,370 shares of the company's stock were exchanged, compared to its average volume of 377,674. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The business's fifty day moving average price is $21.96 and its two-hundred day moving average price is $21.18. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 11.59 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $23.66.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS 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 firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. As a group, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.07 per share. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. The ex-dividend date is Friday, February 28th. This represents a yield of 6.99%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 90.64%.

Analysts Set New Price Targets

TSLX has been the topic of several recent research reports. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Truist Financial increased 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 report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.07.

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.