Texas Capital Bank Wealth Management Services Inc Has $3.13 Million Stake in Sixth Street Specialty Lending, Inc. $TSLX

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Texas Capital Bank Wealth Management Services Inc grew its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,805 shares of the financial services provider's stock after purchasing an additional 11,111 shares during the period. Texas Capital Bank Wealth Management Services Inc owned about 0.15% of Sixth Street Specialty Lending worth $3,129,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Burgundy Asset Management Ltd. increased its holdings in shares of Sixth Street Specialty Lending by 7.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,347,046 shares of the financial services provider's stock valued at $52,527,000 after purchasing an additional 154,560 shares during the period. Ethos Financial Group LLC acquired a new position in shares of Sixth Street Specialty Lending in the 1st quarter valued at about $904,000. Raymond James Financial Inc. increased its holdings in shares of Sixth Street Specialty Lending by 1.2% in the 1st quarter. Raymond James Financial Inc. now owns 831,261 shares of the financial services provider's stock valued at $18,604,000 after purchasing an additional 10,221 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Sixth Street Specialty Lending by 1.9% in the 1st quarter. Cresset Asset Management LLC now owns 304,206 shares of the financial services provider's stock valued at $6,808,000 after purchasing an additional 5,543 shares during the period. Finally, Aberdeen Group plc increased its holdings in Sixth Street Specialty Lending by 5.1% in the first quarter. Aberdeen Group plc now owns 130,680 shares of the financial services provider's stock worth $2,914,000 after buying an additional 6,367 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Up 0.4%

Shares of TSLX stock opened at $24.05 on Tuesday. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $25.17. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07. The business's 50 day moving average is $23.90 and its two-hundred day moving average is $22.65. The company has a market cap of $2.27 billion, a PE ratio of 11.96 and a beta of 0.84.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%. The company had revenue of $115.00 million for the quarter, compared to the consensus estimate of $110.42 million. During the same quarter last year, the company posted $0.58 earnings per share. Equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a -- dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.46 per share. This represents a yield of 770.0%. This is a boost from Sixth Street Specialty Lending's previous -- dividend of $0.06. The ex-dividend date is Monday, September 15th. Sixth Street Specialty Lending's dividend payout ratio is 91.54%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TSLX shares. JMP Securities increased their price objective on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Raymond James Financial dropped their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company increased their price objective on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. dropped their price objective on 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. Finally, B. Riley started coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price objective on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sixth Street Specialty Lending has an average rating of "Buy" and an average price target of $23.28.

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.

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