Columbus Macro LLC Increases Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Columbus Macro LLC lifted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,272 shares of the financial services provider's stock after acquiring an additional 29,219 shares during the period. Sixth Street Specialty Lending accounts for about 1.2% of Columbus Macro LLC's investment portfolio, making the stock its 19th largest position. Columbus Macro LLC owned 0.42% of Sixth Street Specialty Lending worth $8,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Progeny 3 Inc. raised its holdings in Sixth Street Specialty Lending by 6.1% in the fourth quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider's stock valued at $50,921,000 after buying an additional 137,906 shares during the period. Sound Income Strategies LLC raised its holdings in Sixth Street Specialty Lending by 2.4% in 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 period. Burgundy Asset Management Ltd. raised its holdings in Sixth Street Specialty Lending by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider's stock valued at $46,700,000 after buying an additional 37,442 shares during the period. Wells Fargo & Company MN raised its holdings 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 buying an additional 33,026 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Sixth Street Specialty Lending in the fourth quarter valued at approximately $17,488,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Down 0.8%

Shares of NYSE:TSLX opened at $23.32 on Monday. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.75. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 11.49 and a beta of 0.83. The company has a 50 day moving average of $21.72 and a two-hundred day moving average of $21.83.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The business had revenue of $113.92 billion during the quarter, compared to the consensus estimate of $116.70 million. During the same quarter last year, the company earned $0.52 earnings per share. As a group, 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 business also recently declared a dividend, which will be paid on Friday, June 20th. Stockholders 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 of this dividend is Friday, May 30th. Sixth Street Specialty Lending's payout ratio is currently 97.35%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TSLX shares. Truist Financial raised their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Raymond James lowered their price objective on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Royal Bank of Canada increased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $22.81.

Sixth Street Specialty Lending 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.

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