Strs Ohio Boosts Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Strs Ohio boosted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,134,865 shares of the financial services provider's stock after purchasing an additional 79,180 shares during the quarter. Strs Ohio owned about 3.58% of Sixth Street Specialty Lending worth $67,713,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Melia Wealth LLC bought a new position in Sixth Street Specialty Lending during the fourth quarter valued at $15,144,000. JPMorgan Chase & Co. increased its position in Sixth Street Specialty Lending by 287.0% during the second quarter. JPMorgan Chase & Co. now owns 873,489 shares of the financial services provider's stock valued at $16,326,000 after acquiring an additional 647,808 shares during the last quarter. Millennium Management LLC increased its position in Sixth Street Specialty Lending by 303.5% during the second quarter. Millennium Management LLC now owns 768,217 shares of the financial services provider's stock valued at $14,212,000 after acquiring an additional 577,842 shares during the last quarter. Allen Investment Management LLC increased its position in Sixth Street Specialty Lending by 956.1% during the third quarter. Allen Investment Management LLC now owns 340,760 shares of the financial services provider's stock valued at $6,965,000 after acquiring an additional 308,493 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new position in Sixth Street Specialty Lending during the first quarter valued at $5,629,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLX. Wells Fargo & Company boosted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an "overweight" rating in a research report on Monday, January 29th. JMP Securities restated a "market outperform" rating and issued a $22.50 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, March 26th. Truist Financial upped their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada upped 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 report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.60.

Sixth Street Specialty Lending Stock Down 1.2 %

NYSE:TSLX traded down $0.25 during mid-day trading on Friday, reaching $20.75. The company's stock had a trading volume of 236,732 shares, compared to its average volume of 337,239. Sixth Street Specialty Lending, Inc. has a 1 year low of $17.31 and a 1 year high of $22.35. The stock has a fifty day moving average of $21.24 and a 200-day moving average of $21.01. The firm has a market capitalization of $1.82 billion, a PE ratio of 7.98 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 data on Friday, February 16th. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The company 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 in the prior year, the firm earned $0.65 earnings per share. Equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.35 earnings per share 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. Shareholders of record on Friday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.54%. 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 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.