Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 615,773 shares of the financial services provider's stock after selling 54,690 shares during the quarter. Legal & General Group Plc owned about 0.66% of Sixth Street Specialty Lending worth $13,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TSLX. Trust Co. of Vermont purchased a new stake in Sixth Street Specialty Lending during the 4th quarter worth approximately $39,000. First Horizon Advisors Inc. increased its holdings in shares of Sixth Street Specialty Lending by 25.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 465 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 550 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Sixth Street Specialty Lending during the fourth quarter worth $109,000. Finally, EMC Capital Management increased its holdings in Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after buying an additional 3,242 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Down 2.1 %

TSLX stock traded down $0.42 during midday trading on Monday, hitting $20.01. The company's stock had a trading volume of 106,490 shares, compared to its average volume of 359,809. The firm has a market capitalization of $1.88 billion, a P/E ratio of 9.86 and a beta of 0.88. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67. The firm has a 50-day simple moving average of $21.93 and a 200-day simple moving average of $21.38.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. As a group, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 6.99%. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 90.64%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods boosted their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Truist Financial raised 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, JPMorgan Chase & Co. increased their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.17.

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.