Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stake Raised by LSV Asset Management

LSV Asset Management lifted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,132,914 shares of the financial services provider's stock after buying an additional 149,302 shares during the quarter. LSV Asset Management owned approximately 1.29% of Sixth Street Specialty Lending worth $24,471,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Sixth Street Specialty Lending by 6.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 448,357 shares of the financial services provider's stock worth $9,164,000 after acquiring an additional 26,305 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Sixth Street Specialty Lending by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 298,083 shares of the financial services provider's stock worth $6,093,000 after purchasing an additional 8,660 shares in the last quarter. BluePath Capital Management LLC bought a new stake in Sixth Street Specialty Lending during the 3rd quarter valued at about $33,000. Strs Ohio raised its holdings in Sixth Street Specialty Lending by 2.7% in the third quarter. Strs Ohio now owns 3,055,685 shares of the financial services provider's stock worth $62,458,000 after buying an additional 79,743 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its stake in shares of Sixth Street Specialty Lending by 106.0% in the third quarter. Financial Advocates Investment Management now owns 89,780 shares of the financial services provider's stock worth $1,835,000 after buying an additional 46,205 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TSLX shares. Wells Fargo & Company boosted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an "overweight" rating in a report 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 report on Tuesday, March 26th. Keefe, Bruyette & Woods reduced their price objective on Sixth Street Specialty Lending from $23.50 to $23.00 and set an "outperform" rating for the company in a report on Monday. Royal Bank of Canada upped their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Truist Financial lifted 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 research note on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.67.

Sixth Street Specialty Lending Trading Up 0.1 %

Shares of TSLX stock traded up $0.02 during trading hours on Monday, reaching $21.04. 642,199 shares of the stock were exchanged, compared to its average volume of 413,746. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.14. Sixth Street Specialty Lending, Inc. has a 12-month low of $17.31 and a 12-month high of $22.35. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.48 and a beta of 1.03. The company's 50-day moving average price is $21.10 and its 200-day moving average price is $21.14.

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 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. The firm had revenue of $119.50 million for the quarter, compared to analysts' expectations of $115.18 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.35 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, May 31st. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 74.19%.

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.