Janney Montgomery Scott LLC Purchases 144,096 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Janney Montgomery Scott LLC lifted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 108.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,845 shares of the financial services provider's stock after buying an additional 144,096 shares during the quarter. Janney Montgomery Scott LLC owned about 0.30% of Sixth Street Specialty Lending worth $6,196,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $1,035,000. Magnus Financial Group LLC acquired a new stake in shares of Sixth Street Specialty Lending during the first quarter worth $322,000. Ameriprise Financial Inc. increased its position in shares of Sixth Street Specialty Lending by 6.4% during the fourth quarter. Ameriprise Financial Inc. now owns 193,312 shares of the financial services provider's stock worth $4,118,000 after buying an additional 11,574 shares during the period. Wells Fargo & Company MN increased its position in shares of Sixth Street Specialty Lending by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock worth $25,201,000 after buying an additional 33,026 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in Sixth Street Specialty Lending by 2.4% in the first quarter. Sound Income Strategies LLC now owns 2,361,139 shares of the financial services provider's stock worth $52,842,000 after purchasing an additional 55,767 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TSLX shares. B. Riley started coverage on shares of Sixth Street Specialty Lending in a report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price target for the company. Wells Fargo & Company reduced their price target on shares of 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 raised their price target on shares of 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. reduced their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Raymond James Financial reduced 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. 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 company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Stock Up 0.4%

Shares of Sixth Street Specialty Lending stock traded up $0.10 during trading hours on Friday, reaching $23.16. The company's stock had a trading volume of 506,036 shares, compared to its average volume of 373,743. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $23.75. The company has a market capitalization of $2.18 billion, a P/E ratio of 12.25 and a beta of 0.83. The stock's fifty day simple moving average is $22.02 and its two-hundred day simple moving average is $21.88. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.06 and a current ratio of 3.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data 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. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. The firm had revenue of $113.92 billion for the quarter, compared to analyst estimates of $116.70 million. During the same period last year, the firm 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 year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were paid a $0.06 dividend. This represents a dividend yield of 9.21%. The ex-dividend date was Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio (DPR) 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.