Cerity Partners LLC Purchases 108,044 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Cerity Partners LLC lifted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 25.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 534,868 shares of the financial services provider's stock after buying an additional 108,044 shares during the quarter. Cerity Partners LLC owned about 0.61% of Sixth Street Specialty Lending worth $11,553,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TSLX. BluePath Capital Management LLC bought a new stake in Sixth Street Specialty Lending during the 3rd quarter worth about $33,000. Coppell Advisory Solutions Corp. bought a new stake in Sixth Street Specialty Lending during the 4th quarter worth about $42,000. Coppell Advisory Solutions LLC bought a new stake in Sixth Street Specialty Lending during the 2nd quarter worth about $45,000. Credit Suisse AG bought a new stake in Sixth Street Specialty Lending during the 2nd quarter worth about $85,000. Finally, Signaturefd LLC raised its holdings in Sixth Street Specialty Lending by 19.3% during the 3rd quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider's stock worth $89,000 after purchasing an additional 707 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Stock Down 0.2 %

Shares of NYSE:TSLX traded down $0.05 during midday trading on Monday, hitting $20.71. The stock had a trading volume of 332,329 shares, compared to its average volume of 398,000. Sixth Street Specialty Lending, Inc. has a 12 month low of $17.31 and a 12 month high of $22.35. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.19. The business's 50-day simple moving average is $21.23 and its 200-day simple moving average is $21.02. The company has a market cap of $1.91 billion, a P/E ratio of 7.96 and a beta of 1.04.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. Sixth Street Specialty Lending had a net margin of 50.69% and a return on equity of 13.67%. The business had revenue of $119.50 million during the quarter, compared to analysts' expectations of $115.18 million. During the same period last year, the business earned $0.65 earnings per share. On average, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.35 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.08 per share. This is an increase from Sixth Street Specialty Lending's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a yield of 1.55%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 70.77%.

Analyst Ratings Changes

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

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.