Hennion & Walsh Asset Management Inc. Sells 33,232 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 24.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,013 shares of the financial services provider's stock after selling 33,232 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.11% of Sixth Street Specialty Lending worth $2,328,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

TSLX has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price 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. Raymond James lowered their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Keefe, Bruyette & Woods upped their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Finally, Truist Financial raised their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. 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. According to MarketBeat.com, Sixth Street Specialty Lending has an average rating of "Buy" and an average price target of $22.81.

Sixth Street Specialty Lending Stock Up 0.3%

Shares of NYSE:TSLX traded up $0.07 during midday trading on Friday, hitting $23.36. 258,027 shares of the company's stock were exchanged, compared to its average volume of 369,632. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $23.67. The company has a market cap of $2.19 billion, a PE ratio of 11.51 and a beta of 0.82. 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 stock has a 50 day moving average price of $21.43 and a 200-day moving average price of $21.71.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The firm had revenue of $113.92 billion during the quarter, compared to analyst estimates of $116.70 million. During the same period in the previous year, the company posted $0.52 EPS. On average, sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 9.21%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 97.35%.

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.