Melia Wealth LLC Raises Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Melia Wealth LLC raised its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 583,477 shares of the financial services provider's stock after purchasing an additional 19,034 shares during the quarter. Sixth Street Specialty Lending accounts for about 6.5% of Melia Wealth LLC's holdings, making the stock its 8th biggest holding. Melia Wealth LLC owned approximately 0.63% of Sixth Street Specialty Lending worth $12,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth approximately $39,000. First Horizon Advisors Inc. increased its stake in shares of Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after buying an additional 465 shares during the period. Signaturefd LLC increased its position in Sixth Street Specialty Lending by 13.3% during 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. bought a new position in Sixth Street Specialty Lending in the 4th quarter worth $109,000. Finally, EMC Capital Management lifted its position in shares of Sixth Street Specialty Lending by 92.5% in the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock worth $144,000 after purchasing an additional 3,242 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 1.8 %

NYSE:TSLX traded up $0.36 during trading hours on Thursday, reaching $20.48. 348,774 shares of the company traded hands, compared to its average volume of 362,615. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $23.67. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The business's 50-day moving average price is $22.00 and its two-hundred day moving average price is $21.37. The stock has a market capitalization of $1.92 billion, a P/E ratio of 10.09 and a beta of 0.88.

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

Sixth Street Specialty Lending Increases Dividend

The firm 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 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 90.64%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods lifted their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Truist Financial increased their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their target price on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of "Moderate Buy" and a consensus price target 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.