Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 13.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 754,586 shares of the financial services provider's stock after selling 112,700 shares during the period. Two Sigma Advisers LP owned 0.81% of Sixth Street Specialty Lending worth $16,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tidal Investments LLC raised its position in shares of Sixth Street Specialty Lending by 2.3% in the fourth quarter. Tidal Investments LLC now owns 52,051 shares of the financial services provider's stock valued at $1,109,000 after buying an additional 1,168 shares during the last quarter. ProShare Advisors LLC grew its stake in Sixth Street Specialty Lending by 16.0% during the 4th quarter. ProShare Advisors LLC now owns 18,086 shares of the financial services provider's stock valued at $385,000 after acquiring an additional 2,489 shares in the last quarter. Progeny 3 Inc. raised its holdings 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 valued at $50,921,000 after acquiring an additional 137,906 shares during the last quarter. Parkwood LLC purchased a new position in Sixth Street Specialty Lending in the 4th quarter worth approximately $3,937,000. Finally, Lazard Asset Management LLC lifted its stake in Sixth Street Specialty Lending by 50.8% in the 4th quarter. Lazard Asset Management LLC now owns 38,617 shares of the financial services provider's stock worth $822,000 after purchasing an additional 13,006 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Down 2.1%

Shares of TSLX opened at $22.57 on Thursday. The company's 50-day moving average price is $21.28 and its 200 day moving average price is $21.50. 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 current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The firm has a market cap of $2.12 billion, a P/E ratio of 11.12 and a beta of 0.82.

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

Sixth Street Specialty Lending Announces Dividend

The company also recently declared a -- dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.06 per share. This represents a yield of 8.9%. The ex-dividend date of this dividend is Monday, June 16th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is 97.35%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSLX. JPMorgan Chase & Co. cut their price target on 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. Keefe, Bruyette & Woods upped their price objective on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. B. Riley began coverage on shares of Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective for the company. Truist Financial lifted their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Raymond James dropped 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 research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of "Buy" and an average target price 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.

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