Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 22.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,536 shares of the financial services provider's stock after selling 44,592 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of Sixth Street Specialty Lending worth $3,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Progeny 3 Inc. grew its holdings in Sixth Street Specialty Lending by 6.1% during 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 buying an additional 137,906 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Sixth Street Specialty Lending by 2.4% in the 1st quarter. Sound Income Strategies LLC now owns 2,361,139 shares of the financial services provider's stock worth $52,842,000 after purchasing an additional 55,767 shares during the period. Burgundy Asset Management Ltd. raised its holdings in Sixth Street Specialty Lending by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider's stock valued at $46,700,000 after buying an additional 37,442 shares during the period. Wells Fargo & Company MN raised its stake in shares of Sixth Street Specialty Lending by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock valued at $25,201,000 after acquiring an additional 33,026 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth about $17,488,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TSLX. Wells Fargo & Company reduced their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Raymond James Financial decreased their price objective 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. B. Riley initiated 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 target price on the stock. Finally, JPMorgan Chase & Co. cut their price target 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. One 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock traded down $0.14 during mid-day trading on Tuesday, reaching $23.86. The stock had a trading volume of 699,701 shares, compared to its average volume of 417,460. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $25.17. The business's fifty day moving average is $23.62 and its 200-day moving average is $22.42. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.15. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 12.62 and a beta of 0.83.

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

Sixth Street Specialty Lending Cuts Dividend

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

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.