Mirador Capital Partners LP Sells 16,482 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Mirador Capital Partners LP lowered its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 44.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,001 shares of the financial services provider's stock after selling 16,482 shares during the period. Mirador Capital Partners LP's holdings in Sixth Street Specialty Lending were worth $470,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $17,488,000. Columbus Macro LLC bought a new position in Sixth Street Specialty Lending in the fourth quarter valued at approximately $7,669,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sixth Street Specialty Lending during the 4th quarter worth $4,156,000. Parkwood LLC acquired a new stake in Sixth Street Specialty Lending during the 4th quarter worth $3,937,000. Finally, Progeny 3 Inc. raised its position in shares of Sixth Street Specialty Lending by 6.1% during the 4th quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider's stock valued at $50,921,000 after acquiring an additional 137,906 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 0.3%

NYSE TSLX traded up $0.07 during trading hours on Thursday, reaching $23.28. 438,890 shares of the company's stock were exchanged, compared to its average volume of 370,078. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 11.47 and a beta of 0.82. The company's 50-day moving average is $21.43 and its two-hundred day moving average is $21.71. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $23.67.

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, beating the consensus estimate 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 company had revenue of $113.92 billion during the quarter, compared to analysts' expectations of $116.70 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, analysts forecast 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 will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be issued 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 payout ratio is presently 97.35%.

Analysts Set New Price Targets

TSLX has been the topic of several recent research reports. Wells Fargo & Company reduced 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 report on Monday, April 28th. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Truist Financial increased 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 research report on Tuesday, February 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their target price 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. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of "Buy" and an average price target 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.