Wambolt & Associates LLC Has $3.45 Million Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wambolt & Associates LLC cut its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 161,986 shares of the financial services provider's stock after selling 22,059 shares during the quarter. Sixth Street Specialty Lending comprises 1.1% of Wambolt & Associates LLC's holdings, making the stock its 26th biggest position. Wambolt & Associates LLC owned approximately 0.17% of Sixth Street Specialty Lending worth $3,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth approximately $17,488,000. Columbus Macro LLC bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter valued at about $7,669,000. Progeny 3 Inc. lifted its holdings in Sixth Street Specialty Lending by 10.6% in the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock worth $46,249,000 after purchasing an additional 215,996 shares during the period. JPMorgan Chase & Co. grew its position in Sixth Street Specialty Lending by 16.1% in 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. Finally, Benjamin Edwards Inc. increased its stake in Sixth Street Specialty Lending by 498.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider's stock valued at $3,976,000 after buying an additional 161,295 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TSLX shares. 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. JPMorgan Chase & Co. lifted their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Truist Financial upped their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada boosted their price target on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company raised their price objective 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending Trading Down 0.9 %

NYSE TSLX traded down $0.21 on Friday, hitting $22.34. 310,253 shares of the stock were exchanged, compared to its average volume of 340,047. The company's 50-day moving average price is $22.48 and its two-hundred day moving average price is $21.40. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 11.00 and a beta of 1.08. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-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 announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were paid a $0.07 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a dividend yield of 6.99%. Sixth Street Specialty Lending's dividend payout ratio is 90.64%.

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.