Cetera Investment Advisers Purchases 32,734 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Cetera Investment Advisers grew its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 415,080 shares of the financial services provider's stock after acquiring an additional 32,734 shares during the quarter. Cetera Investment Advisers owned 0.44% of Sixth Street Specialty Lending worth $8,841,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TSLX. Brevan Howard Capital Management LP acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $537,000. Balyasny Asset Management L.P. acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $334,000. Benjamin Edwards Inc. raised its holdings in shares of Sixth Street Specialty Lending by 2.9% in the 4th quarter. Benjamin Edwards Inc. now owns 199,266 shares of the financial services provider's stock worth $4,244,000 after buying an additional 5,589 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $1,035,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Sixth Street Specialty Lending by 6.4% in the 4th quarter. Ameriprise Financial Inc. now owns 193,312 shares of the financial services provider's stock worth $4,118,000 after buying an additional 11,574 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSLX. Keefe, Bruyette & Woods increased their target price 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. Raymond James dropped their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a report on Thursday, April 24th. Royal Bank of Canada increased their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Finally, LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Sixth Street Specialty Lending currently has a consensus rating of "Moderate Buy" and an average price target of $22.79.

Sixth Street Specialty Lending Trading Up 0.6%

TSLX stock opened at $21.29 on Monday. The business has a fifty day moving average price of $21.24 and a 200 day moving average price of $21.40. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $23.67. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 10.49 and a beta of 0.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90.

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, beating analysts' consensus estimates of $0.56 by $0.02. The firm 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. Analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

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

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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