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

Mirador Capital Partners LP cut 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 Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 4.3% in the first quarter. Parallel Advisors LLC now owns 20,708 shares of the financial services provider's stock valued at $463,000 after buying an additional 848 shares during the period. AdvisorNet Financial Inc bought a new position in Sixth Street Specialty Lending during the 1st quarter worth about $40,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sixth Street Specialty Lending in the 4th quarter valued at approximately $4,156,000. Ameriflex Group Inc. bought a new stake in shares of Sixth Street Specialty Lending in the fourth quarter worth $27,000. Finally, Burgundy Asset Management Ltd. lifted its position in Sixth Street Specialty Lending by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider's stock worth $46,700,000 after buying an additional 37,442 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on 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. Royal Bank of Canada increased their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Truist Financial lifted 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 upped 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 report on Tuesday, February 18th. Finally, Raymond James lowered 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. One investment 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's stock. According to MarketBeat.com, Sixth Street Specialty Lending currently has a consensus rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Trading Up 0.8%

Shares of NYSE TSLX traded up $0.18 during trading on Tuesday, reaching $23.36. The company had a trading volume of 356,550 shares, compared to its average volume of 371,290. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $23.67. 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 stock has a market cap of $2.20 billion, a P/E ratio of 11.51 and a beta of 0.82. The company's fifty day moving average price is $21.39 and its 200-day moving average price is $21.68.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its 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 firm earned $0.52 earnings per share. As a group, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

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