Balyasny Asset Management L.P. Takes $334,000 Position 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) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,680 shares of the financial services provider's stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Benjamin Edwards Inc. raised its stake in Sixth Street Specialty Lending by 2.9% during the fourth quarter. Benjamin Edwards Inc. now owns 199,266 shares of the financial services provider's stock valued at $4,244,000 after purchasing an additional 5,589 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Sixth Street Specialty Lending in the fourth quarter worth $1,035,000. Ameriprise Financial Inc. raised its stake in shares of Sixth Street Specialty Lending by 6.4% in the fourth quarter. Ameriprise Financial Inc. now owns 193,312 shares of the financial services provider's stock valued at $4,118,000 after acquiring an additional 11,574 shares during the period. Lido Advisors LLC boosted its position in shares of Sixth Street Specialty Lending by 2.6% during the fourth quarter. Lido Advisors LLC now owns 60,775 shares of the financial services provider's stock valued at $1,295,000 after buying an additional 1,526 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Sixth Street Specialty Lending by 17.4% during the fourth quarter. Northern Trust Corp now owns 57,650 shares of the financial services provider's stock valued at $1,228,000 after buying an additional 8,526 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Down 0.7%

Shares of Sixth Street Specialty Lending stock traded down $0.16 during trading on Thursday, hitting $22.40. 102,834 shares of the stock traded hands, compared to its average volume of 365,675. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The stock's fifty day simple moving average is $21.28 and its 200 day simple moving average is $21.50. The firm has a market cap of $2.10 billion, a P/E ratio of 11.03 and a beta of 0.82. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The business had revenue of $113.92 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.52 EPS. On average, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 8.9%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 97.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Wells Fargo & Company decreased their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Truist Financial boosted 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 note on Tuesday, February 18th. Keefe, Bruyette & Woods raised 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 research note on Tuesday, February 18th. Finally, B. Riley assumed coverage on shares of Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective for the company. One investment 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.com, the stock currently has an average rating of "Buy" and an average target price of $22.81.

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.