Callodine Capital Management LP Sells 25,000 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Callodine Capital Management LP decreased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,075,000 shares of the financial services provider's stock after selling 25,000 shares during the quarter. Sixth Street Specialty Lending comprises about 4.7% of Callodine Capital Management LP's investment portfolio, making the stock its 6th biggest position. Callodine Capital Management LP owned about 1.15% of Sixth Street Specialty Lending worth $22,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSLX. Trust Co. of Vermont purchased a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $39,000. First Horizon Advisors Inc. grew its position in Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 465 shares during the period. Signaturefd LLC grew its position in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 550 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth about $109,000. Finally, EMC Capital Management lifted its stake in shares of Sixth Street Specialty Lending by 92.5% in the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 3,242 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 1.7 %

Sixth Street Specialty Lending stock traded up $0.35 during midday trading on Wednesday, hitting $20.69. 189,903 shares of the stock were exchanged, compared to its average volume of 359,958. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $23.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $1.94 billion, a P/E ratio of 10.19 and a beta of 0.88. The company has a 50 day moving average price of $21.85 and a two-hundred day moving average price of $21.37.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. On average, sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.07 per share. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a dividend yield of 6.99%. The ex-dividend date was Friday, February 28th. Sixth Street Specialty Lending's dividend payout ratio is 90.64%.

Analyst Ratings Changes

TSLX has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Truist Financial lifted their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada upped their price target on shares of 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Sixth Street Specialty Lending has an average rating of "Moderate Buy" and a consensus price target of $23.17.

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.