Raymond James Financial Services Advisors Inc. Buys 88,236 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 19.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 536,593 shares of the financial services provider's stock after buying an additional 88,236 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.61% of Sixth Street Specialty Lending worth $11,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Strs Ohio lifted its stake in shares of Sixth Street Specialty Lending by 2.7% during the third quarter. Strs Ohio now owns 3,055,685 shares of the financial services provider's stock valued at $62,458,000 after buying an additional 79,743 shares during the period. Burgundy Asset Management Ltd. raised its stake in Sixth Street Specialty Lending by 1.2% during the third quarter. Burgundy Asset Management Ltd. now owns 1,994,679 shares of the financial services provider's stock worth $40,771,000 after purchasing an additional 22,731 shares during the period. Sound Income Strategies LLC raised its stake in Sixth Street Specialty Lending by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 1,989,678 shares of the financial services provider's stock worth $42,977,000 after purchasing an additional 148,290 shares during the period. Morgan Stanley raised its stake in Sixth Street Specialty Lending by 9.2% during the third quarter. Morgan Stanley now owns 1,942,510 shares of the financial services provider's stock worth $39,705,000 after purchasing an additional 164,351 shares during the period. Finally, Progeny 3 Inc. raised its stake in Sixth Street Specialty Lending by 7.7% during the second quarter. Progeny 3 Inc. now owns 1,843,977 shares of the financial services provider's stock worth $34,464,000 after purchasing an additional 132,253 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Analysts Set New Price Targets

TSLX has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Wells Fargo & Company increased their price target on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an "overweight" rating in a research note on Monday, January 29th. JMP Securities reaffirmed a "market outperform" rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Finally, Truist Financial increased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and four 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 target price of $22.60.

Sixth Street Specialty Lending Trading Down 1.3 %

Shares of Sixth Street Specialty Lending stock traded down $0.27 during trading hours on Monday, hitting $21.16. The company's stock had a trading volume of 505,497 shares, compared to its average volume of 415,279. Sixth Street Specialty Lending, Inc. has a 1-year low of $17.31 and a 1-year high of $22.35. The business has a fifty day moving average of $21.43 and a 200 day moving average of $20.96. The company has a market capitalization of $1.86 billion, a PE ratio of 8.20 and a beta of 1.04. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.19.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. The business had revenue of $119.50 million during the quarter, compared to analyst estimates of $115.18 million. Sixth Street Specialty Lending had a net margin of 50.69% and a return on equity of 13.67%. During the same period last year, the business earned $0.65 EPS. As a group, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.36 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.51%. This is a positive change from Sixth Street Specialty Lending's previous quarterly dividend of $0.07. The ex-dividend date was Thursday, March 14th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 70.77%.

About Sixth Street Specialty Lending

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.