Columbus Macro LLC Boosts Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Columbus Macro LLC grew its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 8.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,272 shares of the financial services provider's stock after buying an additional 29,219 shares during the period. Sixth Street Specialty Lending accounts for about 1.2% of Columbus Macro LLC's holdings, making the stock its 19th largest holding. Columbus Macro LLC owned about 0.42% of Sixth Street Specialty Lending worth $8,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth approximately $27,000. AdvisorNet Financial Inc acquired a new stake in Sixth Street Specialty Lending during the 1st quarter worth $40,000. First Horizon Advisors Inc. grew its position in Sixth Street Specialty Lending by 25.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock worth $49,000 after purchasing an additional 465 shares during the last quarter. Signaturefd LLC increased its stake in Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 550 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth about $109,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TSLX shares. B. Riley initiated coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Raymond James Financial cut their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company decreased 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 note on Monday, April 28th. Finally, Royal Bank Of Canada upped their price objective 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. One equities research 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Price Performance

Sixth Street Specialty Lending stock traded up $0.34 during trading hours on Thursday, hitting $23.04. The stock had a trading volume of 454,708 shares, compared to its average volume of 372,838. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $23.75. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.19 and a beta of 0.83. The stock's fifty day moving average is $21.89 and its two-hundred day moving average is $21.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.06 and a quick ratio of 3.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued 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. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. The firm had revenue of $113.92 billion for the quarter, compared to analysts' expectations of $116.70 million. During the same period in the prior year, the company earned $0.52 EPS. As a group, 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 disclosed 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 9.21%. Sixth Street Specialty Lending's dividend payout ratio is currently 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.