Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Acquired by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. increased its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 2.35% of Sixth Street Specialty Lending worth $46,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at about $1,035,000. Wells Fargo & Company MN lifted its stake in Sixth Street Specialty Lending by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock valued at $25,201,000 after purchasing an additional 33,026 shares during the last quarter. Round Rock Advisors LLC purchased a new stake in Sixth Street Specialty Lending in the fourth quarter worth $1,789,000. Raymond James Financial Inc. bought a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at $17,488,000. Finally, Baillie Gifford & Co. grew its stake in shares of Sixth Street Specialty Lending by 72.5% during the 4th quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider's stock worth $6,527,000 after acquiring an additional 128,763 shares during the period. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 0.3%

Shares of NYSE TSLX traded up $0.06 during midday trading on Wednesday, hitting $23.04. The stock had a trading volume of 178,854 shares, compared to its average volume of 367,152. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $23.67. The business's 50 day moving average is $21.32 and its 200-day moving average is $21.58. The company has a market cap of $2.16 billion, a P/E ratio of 11.35 and a beta of 0.82. 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 posted 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 company 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 quarter in the prior year, the business earned $0.52 earnings per share. As a group, analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. B. Riley assumed 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. Wells Fargo & Company decreased their target price on shares of 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 research note on Friday, February 14th. 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 equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of "Buy" and a consensus price target of $22.81.

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.