Lazard Asset Management LLC Has $822,000 Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Lazard Asset Management LLC raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 50.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,617 shares of the financial services provider's stock after buying 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 SEC filing.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth about $39,000. First Horizon Advisors Inc. grew its holdings in shares of 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 last quarter. Signaturefd LLC grew its holdings in shares of Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock worth $100,000 after purchasing an additional 550 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth about $109,000. Finally, EMC Capital Management grew its holdings in shares of Sixth Street Specialty Lending by 92.5% in the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock worth $144,000 after purchasing an additional 3,242 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TSLX shares. Keefe, Bruyette & Woods upped their price target 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. Royal Bank of Canada boosted their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on shares of 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 initiated 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 target price on the stock. Finally, LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $22.81.

Sixth Street Specialty Lending Stock Up 0.5%

Shares of TSLX traded up $0.11 during mid-day trading on Friday, hitting $22.55. 451,410 shares of the company's stock were exchanged, compared to its average volume of 367,106. The company has a market cap of $2.12 billion, a PE ratio of 11.11 and a beta of 0.82. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $23.67. The company has a 50-day simple moving average of $21.29 and a 200 day simple moving average of $21.52. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its 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 business had revenue of $113.92 billion during the quarter, compared to analysts' expectations of $116.70 million. During the same period last year, the business earned $0.52 earnings per share. On average, research analysts forecast 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 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 yield of 9.21%. The ex-dividend date is Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio is 97.35%.

About Sixth Street Specialty Lending

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.