Wambolt & Associates LLC Reduces Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wambolt & Associates LLC reduced its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,986 shares of the financial services provider's stock after selling 22,059 shares during the quarter. Sixth Street Specialty Lending comprises about 1.1% of Wambolt & Associates LLC's holdings, making the stock its 26th biggest holding. Wambolt & Associates LLC owned 0.17% of Sixth Street Specialty Lending worth $3,450,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Sixth Street Specialty Lending by 106.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,184 shares of the financial services provider's stock valued at $1,051,000 after acquiring an additional 26,349 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sixth Street Specialty Lending during the 3rd quarter valued at about $987,000. Truvestments Capital LLC boosted its stake in Sixth Street Specialty Lending by 4.7% in the third quarter. Truvestments Capital LLC now owns 117,791 shares of the financial services provider's stock worth $2,418,000 after buying an additional 5,309 shares in the last quarter. D.A. Davidson & CO. grew its position in Sixth Street Specialty Lending by 10.3% during the third quarter. D.A. Davidson & CO. now owns 160,617 shares of the financial services provider's stock valued at $3,297,000 after acquiring an additional 15,060 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Sixth Street Specialty Lending by 399.4% during the third quarter. Quantbot Technologies LP now owns 26,774 shares of the financial services provider's stock worth $550,000 after acquiring an additional 21,413 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TSLX shares. JPMorgan Chase & Co. raised their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their price objective on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Royal Bank of Canada raised their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Wells Fargo & Company increased their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Sixth Street Specialty Lending has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending Stock Down 0.8 %

Sixth Street Specialty Lending stock traded down $0.19 during mid-day trading on Friday, reaching $22.36. The stock had a trading volume of 207,249 shares, compared to its average volume of 342,131. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $23.67. The company has a 50-day moving average price of $22.46 and a two-hundred day moving average price of $21.39. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 11.01 and a beta of 1.08. 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 issued its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. On average, analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.07 dividend. This is a positive change from Sixth Street Specialty Lending's previous dividend of $0.05. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 6.99%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 90.64%.

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.