Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Acquired by Advisors Capital Management LLC

Advisors Capital Management LLC grew its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 694,616 shares of the financial services provider's stock after purchasing an additional 26,389 shares during the quarter. Advisors Capital Management LLC owned approximately 0.74% of Sixth Street Specialty Lending worth $14,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Trust Co. of Vermont acquired a new stake in Sixth Street Specialty Lending in the 4th quarter worth about $39,000. First Horizon Advisors Inc. increased its position 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 worth $49,000 after purchasing an additional 465 shares in the last quarter. Signaturefd LLC increased its position 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 worth $100,000 after purchasing an additional 550 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Sixth Street Specialty Lending in the 4th quarter valued at $109,000. Finally, EMC Capital Management lifted its holdings in Sixth Street Specialty Lending by 92.5% in the 4th 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

TSLX has been the subject of a number of recent research reports. Truist Financial increased their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price 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. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price objective 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, Keefe, Bruyette & Woods lifted their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.17.

Sixth Street Specialty Lending Trading Up 1.6 %

Shares of NYSE TSLX traded up $0.31 during mid-day trading on Friday, reaching $20.43. 566,526 shares of the company's stock were exchanged, compared to its average volume of 361,266. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 10.07 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67. The company's 50-day moving average is $21.93 and its 200-day moving average is $21.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90.

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

Sixth Street Specialty Lending Increases Dividend

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