Balyasny Asset Management L.P. Invests $334,000 in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Balyasny Asset Management L.P. purchased a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,680 shares of the financial services provider's stock, valued at approximately $334,000.

Several other hedge funds have also recently bought and sold shares of TSLX. Raymond James Financial Inc. bought a new position in Sixth Street Specialty Lending in the 4th quarter valued at $17,488,000. Columbus Macro LLC bought a new position in Sixth Street Specialty Lending during the fourth quarter worth about $7,669,000. Wealthstar Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth about $2,782,000. Baillie Gifford & Co. raised its position in shares of Sixth Street Specialty Lending by 72.5% in the 4th quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider's stock valued at $6,527,000 after acquiring an additional 128,763 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in Sixth Street Specialty Lending by 5.6% during the fourth quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider's stock valued at $49,104,000 after purchasing an additional 122,312 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX traded down $0.40 during mid-day trading on Wednesday, hitting $22.66. The stock had a trading volume of 293,672 shares, compared to its average volume of 456,813. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $23.67. 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 stock has a market cap of $2.13 billion, a price-to-earnings ratio of 11.16 and a beta of 0.82. The company's 50 day simple moving average is $21.24 and its 200 day simple moving average is $21.48.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $113.92 billion during the quarter, compared to analysts' expectations of $116.70 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. During the same period last year, the firm posted $0.52 EPS. On average, equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSLX. Wells Fargo & Company decreased their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Monday, April 28th. B. Riley initiated coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective on the stock. Raymond James lowered their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $22.81.

Sixth Street Specialty Lending Company 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.