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

BNP Paribas Financial Markets bought 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 filing with the Securities and Exchange Commission. The firm 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 also recently made changes to their positions in TSLX. Van ECK Associates Corp lifted its holdings in shares of Sixth Street Specialty Lending by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider's stock worth $50,972,000 after purchasing an additional 103,634 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of 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 worth $49,104,000 after purchasing an additional 122,312 shares during the period. Wells Fargo & Company MN raised its position in shares of Sixth Street Specialty Lending by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock worth $25,201,000 after purchasing an additional 33,026 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $17,488,000. Finally, Advisors Capital Management LLC grew its holdings in shares of Sixth Street Specialty Lending by 3.9% during the fourth quarter. Advisors Capital Management LLC now owns 694,616 shares of the financial services provider's stock valued at $14,795,000 after buying an additional 26,389 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

NYSE TSLX traded up $0.11 during trading hours on Monday, reaching $22.55. 451,410 shares of the company's stock were exchanged, compared to its average volume of 367,307. 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 one year low of $18.58 and a one year high of $23.67. The firm has a fifty day moving average of $21.30 and a 200-day moving average of $21.57. 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 announced its quarterly earnings data 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 firm had revenue of $113.92 billion for the quarter, compared to analyst estimates 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 company earned $0.52 EPS. On average, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be given a $0.06 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 9.21%. Sixth Street Specialty Lending's dividend payout ratio is currently 97.35%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. 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 report on Tuesday, February 18th. Wells Fargo & Company cut their price objective 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. B. Riley started coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price target for the company. Truist Financial upped their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, 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. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average 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.