MGO One Seven LLC Boosts Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

MGO One Seven LLC raised its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,394 shares of the financial services provider's stock after buying an additional 38,240 shares during the period. MGO One Seven LLC owned 0.42% of Sixth Street Specialty Lending worth $8,401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLX. Van ECK Associates Corp raised its holdings in Sixth Street Specialty Lending by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider's stock valued at $50,972,000 after buying an additional 103,634 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Sixth Street Specialty Lending by 5.6% during the fourth quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider's stock valued at $49,104,000 after acquiring an additional 122,312 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Sixth Street Specialty Lending by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock valued at $25,201,000 after acquiring an additional 33,026 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sixth Street Specialty Lending by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock worth $24,131,000 after purchasing an additional 162,810 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Sixth Street Specialty Lending in the fourth quarter worth $17,488,000. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Up 0.3 %

Shares of TSLX stock traded up $0.06 during trading hours on Monday, hitting $20.98. 77,645 shares of the company were exchanged, compared to its average volume of 359,963. The company has a 50 day simple moving average of $21.72 and a two-hundred day simple moving average of $21.39. The firm has a market cap of $1.97 billion, a P/E ratio of 10.33 and a beta of 0.88. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $23.67.

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

Sixth Street Specialty Lending Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on TSLX shares. Wells Fargo & Company cut their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Monday. Truist Financial lifted their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada increased their price objective 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.75.

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.