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 1st quarter, according to the company in its most recent 13F filing with the 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 0.11% of Sixth Street Specialty Lending worth $2,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TSLX. Van ECK Associates Corp raised its position in Sixth Street Specialty Lending by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider's stock worth $50,972,000 after purchasing an additional 103,634 shares during the period. Progeny 3 Inc. raised its position in Sixth Street Specialty Lending by 6.1% in the 4th quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider's stock worth $50,921,000 after purchasing an additional 137,906 shares during the period. Burgundy Asset Management Ltd. raised its position in Sixth Street Specialty Lending by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider's stock worth $46,700,000 after purchasing an additional 37,442 shares during the period. Wells Fargo & Company MN raised its position in Sixth Street Specialty Lending by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock worth $25,201,000 after purchasing an additional 33,026 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Sixth Street Specialty Lending in the 4th quarter worth $17,488,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

TSLX has been the topic of a number of analyst reports. LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Raymond James lowered 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. Truist Financial increased their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada boosted their price objective on shares of 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, B. Riley started coverage on shares of Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Trading Up 0.3%

Shares of TSLX stock traded up $0.07 during mid-day trading on Friday, reaching $23.36. The stock had a trading volume of 258,027 shares, compared to its average volume of 370,424. The stock's 50-day moving average price is $21.44 and its two-hundred day moving average price is $21.75. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67. The firm has a market capitalization of $2.19 billion, a PE ratio of 11.51 and a beta of 0.83. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18.

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. The firm 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 38.67% and a return on equity of 13.47%. During the same quarter in the previous year, the firm posted $0.52 EPS. Equities analysts expect 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 business also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.06 per share. This represents a dividend yield of 9.21%. The ex-dividend date is Friday, May 30th. Sixth Street Specialty Lending's 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.