Canton Hathaway LLC Has $1.08 Million Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Canton Hathaway LLC increased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 212.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 48,230 shares of the financial services provider's stock after purchasing an additional 32,780 shares during the period. Canton Hathaway LLC owned approximately 0.05% of Sixth Street Specialty Lending worth $1,079,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $17,488,000. Gilman Hill Asset Management LLC boosted its stake in Sixth Street Specialty Lending by 382.4% during the first quarter. Gilman Hill Asset Management LLC now owns 446,976 shares of the financial services provider's stock worth $10,003,000 after buying an additional 354,320 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sixth Street Specialty Lending during the fourth quarter worth $4,156,000. Parkwood LLC bought a new stake in Sixth Street Specialty Lending in the 4th quarter valued at $3,937,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Sixth Street Specialty Lending by 108.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 276,845 shares of the financial services provider's stock valued at $6,196,000 after buying an additional 144,096 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock traded up $0.27 during trading hours on Tuesday, reaching $23.14. 530,689 shares of the company were exchanged, compared to its average volume of 375,009. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.06 and a quick ratio of 3.06. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 12.25 and a beta of 0.83. The stock's fifty day moving average is $22.08 and its two-hundred day moving average is $21.89. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $23.75.

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 13.60% and a net margin of 36.59%. During the same period last year, the company earned $0.52 EPS. Sell-side analysts forecast 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 company also recently disclosed a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a $0.06 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 9.21%. Sixth Street Specialty Lending's payout ratio is 97.35%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Royal Bank Of Canada increased their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. B. Riley initiated coverage on Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They set a "buy" rating and a $23.00 target price for the company. Wells Fargo & Company lowered their price target on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, Raymond James Financial cut their price objective 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. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target 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.