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

Canton Hathaway LLC grew its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 212.2% during the 1st quarter, according to the company in its most recent disclosure 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 quarter. Canton Hathaway LLC owned about 0.05% of Sixth Street Specialty Lending worth $1,079,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TSLX. Silver Oak Securities Incorporated bought a new position in Sixth Street Specialty Lending during the first quarter worth $182,000. Cornerstone Wealth Management LLC grew its position in Sixth Street Specialty Lending by 1.2% in the 1st quarter. Cornerstone Wealth Management LLC now owns 46,732 shares of the financial services provider's stock worth $1,046,000 after purchasing an additional 548 shares during the last quarter. Janney Montgomery Scott LLC grew its position in 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 worth $6,196,000 after purchasing an additional 144,096 shares during the last quarter. Columbus Macro LLC increased its holdings in shares of Sixth Street Specialty Lending by 8.1% during the 1st quarter. Columbus Macro LLC now owns 389,272 shares of the financial services provider's stock worth $8,712,000 after purchasing an additional 29,219 shares during the period. Finally, Sound Income Strategies LLC raised its position in shares of Sixth Street Specialty Lending by 2.4% during the first quarter. Sound Income Strategies LLC now owns 2,361,139 shares of the financial services provider's stock valued at $52,842,000 after buying an additional 55,767 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Raymond James Financial decreased their price objective 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. B. Riley assumed coverage on shares of Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective for the company. Royal Bank Of Canada upped their target price on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company dropped their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Monday, April 28th. 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. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Price Performance

TSLX traded down $0.26 during midday trading on Monday, hitting $22.90. The company had a trading volume of 534,489 shares, compared to its average volume of 374,386. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $23.75. The company has a market capitalization of $2.15 billion, a PE ratio of 9.90 and a beta of 0.83. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.06 and a current ratio of 3.06. The firm's 50-day simple moving average is $22.02 and its 200-day simple moving average is $21.88.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. The business had revenue of $113.92 billion during the quarter, compared to analyst estimates of $116.70 million. During the same quarter last year, the business posted $0.52 earnings per share. Equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS 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 of this dividend was Friday, May 30th. This represents a yield of 9.21%. Sixth Street Specialty Lending's payout ratio is 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.