Wells Fargo & Company MN Grows Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wells Fargo & Company MN increased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,183,141 shares of the financial services provider's stock after purchasing an additional 33,026 shares during the period. Wells Fargo & Company MN owned 1.27% of Sixth Street Specialty Lending worth $25,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Sixth Street Specialty Lending by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock worth $24,131,000 after buying an additional 162,810 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in Sixth Street Specialty Lending during the 4th quarter worth approximately $1,974,000. Round Rock Advisors LLC acquired a new stake in Sixth Street Specialty Lending during the 4th quarter worth approximately $1,789,000. Raymond James Financial Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $17,488,000. Finally, Baillie Gifford & Co. increased its holdings in shares of Sixth Street Specialty Lending by 72.5% in the fourth quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider's stock valued at $6,527,000 after purchasing an additional 128,763 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TSLX shares. Royal Bank of Canada lifted their price objective on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods increased their price target 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. JPMorgan Chase & Co. lifted their price objective 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. 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 note on Wednesday, January 29th. Finally, Truist Financial raised their price target 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending currently has a consensus rating of "Moderate Buy" and an average price target of $23.17.

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Sixth Street Specialty Lending Price Performance

NYSE:TSLX traded up $0.23 during mid-day trading on Tuesday, hitting $20.17. 629,147 shares of the company's stock traded hands, compared to its average volume of 362,896. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $23.67. The company has a market cap of $1.89 billion, a PE ratio of 9.94 and a beta of 0.88. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. The firm's 50 day simple moving average is $22.08 and its 200 day simple moving average is $21.39.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. Sell-side analysts expect 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 disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a dividend of $0.07 per share. This represents a yield of 6.99%. The ex-dividend date was Friday, February 28th. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 90.64%.

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.