BNP Paribas Financial Markets Takes $1.04 Million Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

BNP Paribas Financial Markets bought a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 48,610 shares of the financial services provider's stock, valued at approximately $1,035,000. BNP Paribas Financial Markets owned approximately 0.05% of Sixth Street Specialty Lending at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in Sixth Street Specialty Lending by 6.4% during the fourth quarter. Ameriprise Financial Inc. now owns 193,312 shares of the financial services provider's stock worth $4,118,000 after acquiring an additional 11,574 shares in the last quarter. Lido Advisors LLC lifted its holdings in 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 worth $1,295,000 after acquiring an additional 1,526 shares in the last quarter. Northern Trust Corp lifted its holdings in 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 worth $1,228,000 after acquiring an additional 8,526 shares in the last quarter. Virtus ETF Advisers LLC lifted its holdings in Sixth Street Specialty Lending by 20.3% during the fourth quarter. Virtus ETF Advisers LLC now owns 39,563 shares of the financial services provider's stock worth $843,000 after acquiring an additional 6,669 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Sixth Street Specialty Lending during the fourth quarter worth about $254,000. 70.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSLX has been the topic of several recent analyst reports. B. Riley started coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 target price on the stock. Wells Fargo & Company cut their price target on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Keefe, Bruyette & Woods boosted their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Raymond James cut their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. One equities 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $22.81.

Sixth Street Specialty Lending Stock Up 0.5%

Shares of NYSE:TSLX traded up $0.11 during midday trading on Friday, reaching $22.55. The company had a trading volume of 451,410 shares, compared to its average volume of 367,106. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The business's 50 day moving average price is $21.29 and its 200 day moving average price is $21.52. The stock has a market cap of $2.12 billion, a PE ratio of 11.11 and a beta of 0.82. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share (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 return on equity of 13.47% and a net margin of 38.67%. During the same quarter in the previous year, the business earned $0.52 earnings per share. Research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

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

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.