Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by TrueMark Investments LLC

TrueMark Investments LLC lessened its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 93.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,535 shares of the financial services provider's stock after selling 203,620 shares during the quarter. TrueMark Investments LLC's holdings in Sixth Street Specialty Lending were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TSLX. Raymond James Financial Inc. acquired a new position in Sixth Street Specialty Lending during the fourth quarter worth $17,488,000. Gilman Hill Asset Management LLC grew its position in Sixth Street Specialty Lending by 382.4% in the first quarter. Gilman Hill Asset Management LLC now owns 446,976 shares of the financial services provider's stock worth $10,003,000 after acquiring an additional 354,320 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sixth Street Specialty Lending during the fourth quarter worth $4,156,000. Parkwood LLC acquired a new stake in Sixth Street Specialty Lending during the fourth quarter worth $3,937,000. Finally, Janney Montgomery Scott LLC raised its position in Sixth Street Specialty Lending by 108.5% in the first quarter. Janney Montgomery Scott LLC now owns 276,845 shares of the financial services provider's stock valued at $6,196,000 after purchasing an additional 144,096 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Performance

TSLX traded up $0.25 on Friday, hitting $23.75. 997,085 shares of the company traded hands, compared to its average volume of 386,504. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $23.82. The company has a 50 day moving average of $22.26 and a 200-day moving average of $21.92. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $2.23 billion, a PE ratio of 12.56 and a beta of 0.83.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its 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 return on equity of 13.60% and a net margin of 36.59%. The business had revenue of $113.92 billion for the quarter, compared to analyst estimates of $116.70 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. Sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a $0.06 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 9.21%. Sixth Street Specialty Lending's payout ratio is currently 97.35%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSLX. Wells Fargo & Company dropped 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 report on Monday, April 28th. JPMorgan Chase & Co. reduced their target price on shares of 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. B. Riley started coverage on Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price target on the stock. Finally, Raymond James Financial reduced their price objective on shares of 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. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of "Buy" and an average target price of $22.81.

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.