Jane Street Group LLC Reduces Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Jane Street Group LLC cut its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 64.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,632 shares of the financial services provider's stock after selling 31,741 shares during the period. Jane Street Group LLC's holdings in Sixth Street Specialty Lending were worth $376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its stake in shares of Sixth Street Specialty Lending by 25.3% during the fourth 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 in the last quarter. Signaturefd LLC raised its stake in shares of Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock worth $100,000 after purchasing an additional 550 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $109,000. Robertson Stephens Wealth Management LLC purchased a new position in Sixth Street Specialty Lending in the 4th quarter valued at $207,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Sixth Street Specialty Lending in the 4th quarter valued at $254,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSLX. LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Royal Bank of Canada raised their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. B. Riley began coverage on shares of Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They set a "buy" rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of 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 investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of "Buy" and an average price target of $22.81.

Sixth Street Specialty Lending Trading Down 0.3%

NYSE:TSLX traded down $0.08 on Wednesday, reaching $23.27. The stock had a trading volume of 451,082 shares, compared to its average volume of 370,019. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 11.46 and a beta of 0.82. The firm's fifty day moving average is $21.39 and its two-hundred day moving average is $21.68. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $23.70.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The company had revenue of $113.92 billion during the quarter, compared to analyst estimates of $116.70 million. During the same period in the prior year, the firm posted $0.52 earnings per share. Equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

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.