Principal Street Partners LLC Makes New $306,000 Investment in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Principal Street Partners LLC bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,355 shares of the financial services provider's stock, valued at approximately $306,000.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth about $39,000. First Horizon Advisors Inc. boosted its stake in Sixth Street Specialty Lending by 25.3% in the 4th 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 during the period. Signaturefd LLC grew its holdings in Sixth Street Specialty Lending by 13.3% during the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after buying an additional 550 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $109,000. Finally, EMC Capital Management lifted its holdings in shares of Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock worth $144,000 after buying an additional 3,242 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Up 0.5%

Shares of NYSE TSLX traded up $0.11 during trading hours on Monday, hitting $22.55. 451,410 shares of the company traded hands, compared to its average volume of 367,307. The company's 50 day moving average price is $21.30 and its 200 day moving average price is $21.56. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $23.67. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.11 and a beta of 0.82. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $116.70 million. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, equities research analysts anticipate 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 company also recently declared 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 is Friday, May 30th. This represents a yield of 9.21%. Sixth Street Specialty Lending's payout ratio is 97.35%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods raised their price objective on 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. JPMorgan Chase & Co. decreased their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. B. Riley started coverage on Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They set a "buy" rating and a $23.00 price target for the company. Finally, Wells Fargo & Company cut their price target 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. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $22.81.

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.