Parkwood LLC Takes Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Parkwood LLC purchased a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 184,819 shares of the financial services provider's stock, valued at approximately $3,937,000. Parkwood LLC owned about 0.20% of Sixth Street Specialty Lending as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Trust Co. of Vermont bought a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at about $39,000. First Horizon Advisors Inc. raised its stake in shares of Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 465 shares during the last quarter. Signaturefd LLC raised its stake in shares of Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 550 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at about $109,000. Finally, EMC Capital Management raised its stake in shares of 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 valued at $144,000 after acquiring an additional 3,242 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Stock Up 0.2%

TSLX traded up $0.05 during midday trading on Monday, reaching $22.74. The company's stock had a trading volume of 131,160 shares, compared to its average volume of 363,664. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.24 and a beta of 0.82. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $23.67. The stock's 50-day moving average is $21.23 and its 200-day moving average is $21.46.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The business had revenue of $113.92 billion for the quarter, compared to analysts' expectations of $116.70 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Announces Dividend

The company also recently declared a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.06 per share. This represents a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, June 16th. Sixth Street Specialty Lending's payout ratio is 97.35%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Truist Financial upped their price objective on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. B. Riley started coverage on shares of Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective for the company. Royal Bank of Canada boosted their price target 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $22.81.

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.