Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 6.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 510,243 shares of the financial services provider's stock after selling 34,759 shares during the period. Envestnet Asset Management Inc. owned approximately 0.55% of Sixth Street Specialty Lending worth $10,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new stake in shares of Sixth Street Specialty Lending in the fourth quarter worth about $39,000. First Horizon Advisors Inc. lifted its holdings in Sixth Street Specialty Lending by 25.3% in 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 period. Signaturefd LLC boosted its position in Sixth Street Specialty Lending by 13.3% in the 4th 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 stake in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $109,000. Finally, EMC Capital Management increased its holdings in shares of Sixth Street Specialty Lending by 92.5% during 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. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSLX. Keefe, Bruyette & Woods raised their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Truist Financial lifted their price target on 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. Royal Bank of Canada raised 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. Finally, Wells Fargo & Company boosted their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of "Moderate Buy" and an average price target of $23.17.

Sixth Street Specialty Lending Price Performance

TSLX traded up $0.56 on Wednesday, hitting $20.90. 95,186 shares of the company's stock were exchanged, compared to its average volume of 458,478. 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 cap of $1.96 billion, a price-to-earnings ratio of 10.30 and a beta of 0.88. The firm has a 50-day moving average price of $21.85 and a 200-day moving average price of $21.37. 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 (NYSE:TSLX - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a dividend yield of 6.99%. Sixth Street Specialty Lending's dividend payout ratio is currently 90.64%.

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.