LSV Asset Management Cuts Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

LSV Asset Management lowered its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,132,662 shares of the financial services provider's stock after selling 130,100 shares during the period. LSV Asset Management owned about 1.21% of Sixth Street Specialty Lending worth $24,126,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TSLX shares. Royal Bank of Canada boosted their price target on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their target price on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Truist Financial lifted their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company increased their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock traded up $0.27 during trading hours on Thursday, reaching $20.39. The company had a trading volume of 249,691 shares, compared to its average volume of 362,178. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $23.67. The firm has a market cap of $1.91 billion, a PE ratio of 10.03 and a beta of 0.88. The business has a fifty day simple moving average of $22.00 and a 200 day simple moving average of $21.37.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. On average, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a $0.07 dividend. The ex-dividend date was Friday, February 28th. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a yield of 6.99%. Sixth Street Specialty Lending's dividend payout ratio is currently 90.64%.

Sixth Street Specialty Lending 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.