Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Holdings Lifted by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 50.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,617 shares of the financial services provider's stock after acquiring an additional 13,006 shares during the quarter. Lazard Asset Management LLC's holdings in Sixth Street Specialty Lending were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TSLX. Trust Co. of Vermont acquired a new position in Sixth Street Specialty Lending during the fourth quarter valued at approximately $39,000. HB Wealth Management LLC raised its position in Sixth Street Specialty Lending by 8.4% in the fourth quarter. HB Wealth Management LLC now owns 79,163 shares of the financial services provider's stock valued at $1,686,000 after purchasing an additional 6,104 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Sixth Street Specialty Lending by 2.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 132,749 shares of the financial services provider's stock worth $2,828,000 after purchasing an additional 2,948 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Sixth Street Specialty Lending by 1.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider's stock worth $984,000 after buying an additional 621 shares during the period. Finally, Sound Income Strategies LLC grew its stake in shares of Sixth Street Specialty Lending by 5.6% in the fourth quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider's stock valued at $49,104,000 after buying an additional 122,312 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 0.5%

NYSE:TSLX traded up $0.11 during mid-day trading on Monday, reaching $22.55. The stock had a trading volume of 451,410 shares, compared to its average volume of 367,307. 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 capitalization of $2.12 billion, a price-to-earnings ratio of 11.11 and a beta of 0.82. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $23.67. The stock's 50 day simple moving average is $21.30 and its two-hundred day simple moving average is $21.57.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The business had revenue of $113.92 billion during the quarter, compared to the consensus estimate of $116.70 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. During the same period in the previous year, the business earned $0.52 EPS. Equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS 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. Stockholders of record on Monday, June 2nd will be given a $0.06 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 9.21%. Sixth Street Specialty Lending's payout ratio is currently 97.35%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial boosted their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Raymond James lowered their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. B. Riley started 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. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, 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. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of "Buy" and a consensus 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.