TrueMark Investments LLC Sells 203,620 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

TrueMark Investments LLC lowered its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 93.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,535 shares of the financial services provider's stock after selling 203,620 shares during the period. 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 large investors also recently modified their holdings of the company. Canton Hathaway LLC grew its holdings in shares of Sixth Street Specialty Lending by 212.2% in the first quarter. Canton Hathaway LLC now owns 48,230 shares of the financial services provider's stock worth $1,079,000 after acquiring an additional 32,780 shares during the period. Silver Oak Securities Incorporated bought a new stake in shares of Sixth Street Specialty Lending in the first quarter worth $182,000. Cornerstone Wealth Management LLC grew its holdings in shares of Sixth Street Specialty Lending by 1.2% in the first quarter. Cornerstone Wealth Management LLC now owns 46,732 shares of the financial services provider's stock worth $1,046,000 after acquiring an additional 548 shares during the period. Janney Montgomery Scott LLC grew its holdings in Sixth Street Specialty Lending by 108.5% during 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. Finally, Columbus Macro LLC grew its holdings in Sixth Street Specialty Lending by 8.1% during the first quarter. Columbus Macro LLC now owns 389,272 shares of the financial services provider's stock valued at $8,712,000 after purchasing an additional 29,219 shares during the period. Institutional investors own 70.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. 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. Wells Fargo & Company cut their price target on 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. B. Riley assumed coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price target for the company. Royal Bank Of Canada boosted their price target on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Finally, Raymond James Financial cut their price target on 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. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $22.81.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $22.90 on Tuesday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 12.12 and a beta of 0.83. 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 business has a 50-day moving average price of $22.02 and a 200-day moving average price of $21.88. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $23.75.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $113.92 billion during the quarter, compared to analyst estimates of $116.70 million. Sixth Street Specialty Lending had a return on equity of 13.60% and a net margin of 36.59%. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were paid a $0.06 dividend. This represents a dividend yield of 9.21%. The ex-dividend date of this dividend was Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio (DPR) 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.

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