LPL Financial LLC Increases Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

LPL Financial LLC boosted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 5.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 603,544 shares of the financial services provider's stock after acquiring an additional 29,685 shares during the period. LPL Financial LLC owned 0.64% of Sixth Street Specialty Lending worth $13,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $17,488,000. Gilman Hill Asset Management LLC lifted its holdings in shares of Sixth Street Specialty Lending by 382.4% in the 1st quarter. Gilman Hill Asset Management LLC now owns 446,976 shares of the financial services provider's stock valued at $10,003,000 after acquiring an additional 354,320 shares during the last quarter. Allen Investment Management LLC lifted its holdings in shares of Sixth Street Specialty Lending by 24.4% in the 1st quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider's stock valued at $32,114,000 after acquiring an additional 281,339 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Sixth Street Specialty Lending in the fourth quarter worth about $4,156,000. Finally, Round Rock Advisors LLC increased its stake in Sixth Street Specialty Lending by 226.7% during the first quarter. Round Rock Advisors LLC now owns 274,483 shares of the financial services provider's stock worth $6,143,000 after acquiring an additional 190,469 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Trading Down 1.0%

Shares of NYSE:TSLX traded down $0.23 on Thursday, hitting $23.77. 418,883 shares of the company's stock were exchanged, compared to its average volume of 440,473. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 11.83 and a beta of 0.84. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $25.17. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The business's 50 day simple moving average is $23.79 and its two-hundred day simple moving average is $22.54.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $115.00 million for the quarter, compared to the consensus estimate of $110.42 million. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. During the same quarter last year, the firm posted $0.58 EPS. Analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a -- dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.46 dividend. The ex-dividend date is Monday, September 15th. This represents a dividend yield of 770.0%. This is a positive change from Sixth Street Specialty Lending's previous -- dividend of $0.06. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 91.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TSLX shares. Wells Fargo & Company raised their price objective on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. decreased their price target 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 lowered their price target on 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. JMP Securities lifted their price objective on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Wednesday. Finally, B. Riley started coverage on shares of Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $23.28.

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.