Van ECK Associates Corp Has $50.97 Million Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Van ECK Associates Corp boosted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,393,069 shares of the financial services provider's stock after acquiring an additional 103,634 shares during the period. Van ECK Associates Corp owned 2.56% of Sixth Street Specialty Lending worth $50,972,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC grew its position in Sixth Street Specialty Lending by 1.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider's stock valued at $984,000 after buying an additional 621 shares during the period. Platform Technology Partners raised its stake in shares of Sixth Street Specialty Lending by 3.5% in the fourth quarter. Platform Technology Partners now owns 28,925 shares of the financial services provider's stock valued at $616,000 after acquiring an additional 980 shares during the period. Confluence Investment Management LLC grew its holdings in shares of Sixth Street Specialty Lending by 0.5% in the fourth quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider's stock worth $5,350,000 after purchasing an additional 1,273 shares during the last quarter. Barnett & Company Inc. grew its holdings in shares of Sixth Street Specialty Lending by 4.7% in the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider's stock worth $596,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Sixth Street Specialty Lending by 6.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider's stock worth $502,000 after acquiring an additional 1,441 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Up 2.2 %

Sixth Street Specialty Lending stock traded up $0.50 during midday trading on Monday, hitting $22.97. 730,751 shares of the company were exchanged, compared to its average volume of 250,707. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $23.15. The company's fifty day moving average price is $21.60 and its 200-day moving average price is $21.03. The company has a market cap of $2.14 billion, a PE ratio of 11.15 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.55% and a net margin of 39.05%. The firm had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. On average, research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. This is an increase from Sixth Street Specialty Lending's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 14th. Sixth Street Specialty Lending's dividend payout ratio is currently 89.32%.

Analyst Upgrades and Downgrades

Several analysts have commented on TSLX shares. Wells Fargo & Company increased their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.33.

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.