XTX Topco Ltd Invests $392,000 in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

XTX Topco Ltd purchased a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,394 shares of the financial services provider's stock, valued at approximately $392,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLX. Trust Co. of Vermont acquired a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $39,000. First Horizon Advisors Inc. lifted its holdings in Sixth Street Specialty Lending by 25.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 465 shares in the last quarter. Signaturefd LLC raised its position in shares of Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after buying an additional 550 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Sixth Street Specialty Lending in the 4th quarter valued at about $109,000. Finally, EMC Capital Management grew its position in shares of Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 3,242 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Truist Financial lifted their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company upped their price target 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. 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.17.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX opened at $20.35 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $1.91 billion, a PE ratio of 10.02 and a beta of 0.88. The firm has a 50 day simple moving average of $21.85 and a 200-day simple moving average of $21.37. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The company had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. On average, equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared 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 boost 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 yield of 6.99%. Sixth Street Specialty Lending's payout ratio is 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.

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