Cerity Partners LLC Reduces Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Cerity Partners LLC lowered its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 444,024 shares of the financial services provider's stock after selling 20,552 shares during the period. Cerity Partners LLC owned 0.47% of Sixth Street Specialty Lending worth $9,937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Wealth Management LLC boosted its stake in Sixth Street Specialty Lending by 1.2% in the first quarter. Cornerstone Wealth Management LLC now owns 46,732 shares of the financial services provider's stock valued at $1,046,000 after acquiring an additional 548 shares in the last quarter. Signaturefd LLC boosted its stake in Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 550 shares in the last quarter. Mallini Complete Financial Planning LLC boosted its stake in Sixth Street Specialty Lending by 4.5% in the first quarter. Mallini Complete Financial Planning LLC now owns 13,028 shares of the financial services provider's stock valued at $292,000 after acquiring an additional 558 shares in the last quarter. Parallel Advisors LLC boosted its stake in Sixth Street Specialty Lending by 4.3% in the first quarter. Parallel Advisors LLC now owns 20,708 shares of the financial services provider's stock valued at $463,000 after acquiring an additional 848 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Sixth Street Specialty Lending by 7.6% in the fourth quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider's stock valued at $273,000 after acquiring an additional 909 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Raymond James Financial decreased their target price on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. B. Riley assumed 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 target price for the company. Finally, Wells Fargo & Company decreased their target price on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. One 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Trading Down 0.8%

NYSE TSLX traded down $0.21 during mid-day trading on Friday, reaching $24.89. 196,034 shares of the stock were exchanged, compared to its average volume of 477,509. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $25.17. The business's fifty day simple moving average is $23.24 and its 200 day simple moving average is $22.22. The stock has a market capitalization of $2.34 billion, a PE ratio of 13.17 and a beta of 0.83. 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 announced 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 company had revenue of $113.92 billion for the quarter, compared to analyst estimates of $116.70 million. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. During the same quarter last year, the business earned $0.52 EPS. On average, 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 firm also recently announced a dividend, which was paid on Friday, June 20th. Stockholders 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 is presently 97.35%.

Sixth Street Specialty Lending 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.