Wealthstar Advisors LLC Makes New $2.78 Million Investment in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wealthstar Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 130,604 shares of the financial services provider's stock, valued at approximately $2,782,000. Sixth Street Specialty Lending makes up about 1.2% of Wealthstar Advisors LLC's portfolio, making the stock its 12th largest position. Wealthstar Advisors LLC owned about 0.14% of Sixth Street Specialty Lending as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in Sixth Street Specialty Lending in the fourth quarter valued at approximately $39,000. Quarry LP raised its holdings in Sixth Street Specialty Lending by 378.3% during the third 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 in the last quarter. EMC Capital Management raised its holdings in Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock worth $144,000 after purchasing an additional 3,242 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Sixth Street Specialty Lending during the third quarter worth approximately $196,000. Finally, Robertson Stephens Wealth Management LLC bought a new stake in Sixth Street Specialty Lending during the fourth quarter worth approximately $207,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX traded up $0.27 during trading on Thursday, hitting $22.47. The company had a trading volume of 238,409 shares, compared to its average volume of 281,266. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market cap of $2.10 billion, a P/E ratio of 10.91 and a beta of 1.06. The business's 50-day moving average is $21.52 and its 200 day moving average is $20.99.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. Equities research analysts predict 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 company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.05 per share. This represents a yield of 7.59%. The ex-dividend date was Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 89.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TSLX shares. Keefe, Bruyette & Woods dropped their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a report on Thursday, November 7th. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price target on the stock in a report on Wednesday, November 6th. Wells Fargo & Company upped 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, January 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Sixth Street Specialty Lending has a consensus rating of "Buy" and an average price target 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.