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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $27,000. AdvisorNet Financial Inc purchased a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth approximately $40,000. First Horizon Advisors Inc. raised its stake in shares of Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after buying an additional 465 shares during the period. Signaturefd LLC lifted its holdings in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 550 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in Sixth Street Specialty Lending during the fourth quarter worth about $109,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

Shares of TSLX traded up $0.01 during trading hours on Wednesday, reaching $23.16. 299,623 shares of the company's stock traded hands, compared to its average volume of 375,045. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $23.75. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.15. The stock has a market cap of $2.18 billion, a PE ratio of 9.89 and a beta of 0.83. The firm's 50 day simple moving average is $22.14 and its 200-day simple moving average is $21.90.

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, 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 business had revenue of $113.92 billion for the quarter, compared to the consensus estimate of $116.70 million. During the same period last year, the firm posted $0.52 earnings per share. Equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.06 per share. This represents a dividend yield of 9.21%. The ex-dividend date was Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio is currently 97.35%.

Analyst Ratings Changes

TSLX has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered 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 report on Thursday, April 24th. B. Riley began coverage on 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. Royal Bank Of Canada lifted their price target on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, Raymond James Financial decreased their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.