Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Position Trimmed by Nebula Research & Development LLC

Nebula Research & Development LLC lowered its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 56.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,693 shares of the financial services provider's stock after selling 13,640 shares during the quarter. Nebula Research & Development LLC's holdings in Sixth Street Specialty Lending were worth $228,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLX. Integrated Wealth Concepts LLC acquired a new stake in shares of Sixth Street Specialty Lending in the fourth quarter worth approximately $254,000. MGO One Seven LLC raised its stake in Sixth Street Specialty Lending by 10.7% during the fourth quarter. MGO One Seven LLC now owns 394,394 shares of the financial services provider's stock worth $8,401,000 after purchasing an additional 38,240 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of Sixth Street Specialty Lending by 5.5% in the 4th quarter. IHT Wealth Management LLC now owns 95,450 shares of the financial services provider's stock valued at $2,033,000 after purchasing an additional 5,015 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Sixth Street Specialty Lending by 15.9% during the 4th quarter. Stifel Financial Corp now owns 638,793 shares of the financial services provider's stock valued at $13,606,000 after buying an additional 87,798 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Sixth Street Specialty Lending by 32.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 43,554 shares of the financial services provider's stock worth $928,000 after buying an additional 10,641 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on TSLX shares. Keefe, Bruyette & Woods raised their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Wells Fargo & Company decreased their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Truist Financial raised their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada upped their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.79.

Sixth Street Specialty Lending Stock Up 0.6 %

NYSE:TSLX traded up $0.12 on Wednesday, reaching $20.98. The stock had a trading volume of 54,494 shares, compared to its average volume of 357,711. The company has a 50-day moving average of $21.37 and a 200 day moving average of $21.39. 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 stock has a market cap of $1.97 billion, a P/E ratio of 10.33 and a beta of 0.82. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The firm had revenue of $113.92 billion during the quarter, compared to the consensus estimate of $116.70 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The business also recently announced a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.06 dividend. This represents a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, June 16th. Sixth Street Specialty Lending's payout ratio is currently 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.