Burgundy Asset Management Ltd. Purchases 37,442 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Burgundy Asset Management Ltd. lifted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,192,486 shares of the financial services provider's stock after buying an additional 37,442 shares during the quarter. Burgundy Asset Management Ltd. owned about 2.35% of Sixth Street Specialty Lending worth $46,700,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Sixth Street Specialty Lending by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock valued at $25,201,000 after buying an additional 33,026 shares in the last quarter. Round Rock Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $1,789,000. Raymond James Financial Inc. bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $17,488,000. Baillie Gifford & Co. grew its stake in shares of Sixth Street Specialty Lending by 72.5% in the 4th quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider's stock valued at $6,527,000 after buying an additional 128,763 shares in the last quarter. Finally, Canton Hathaway LLC bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $329,000. Institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TSLX shares. Keefe, Bruyette & Woods boosted 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. 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 target price for the company. Truist Financial boosted their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Raymond James reduced 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. Finally, JPMorgan Chase & Co. reduced 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 research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $22.81.

Sixth Street Specialty Lending Stock Down 0.6%

Shares of TSLX stock opened at $22.42 on Friday. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $23.67. The firm has a market cap of $2.11 billion, a PE ratio of 11.04 and a beta of 0.82. The stock has a 50 day moving average of $21.29 and a 200-day moving average of $21.52. The company has a quick ratio of 1.90, a current 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 quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The company had revenue of $113.92 billion during the quarter, compared to analyst estimates of $116.70 million. During the same period in the previous year, the company earned $0.52 earnings per share. On average, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently declared 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 of this dividend is Monday, June 16th. This represents a dividend yield of 8.9%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding TSLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.