Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Bought by Cresset Asset Management LLC

Cresset Asset Management LLC raised its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 83.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 298,663 shares of the financial services provider's stock after buying an additional 135,593 shares during the quarter. Cresset Asset Management LLC owned about 0.32% of Sixth Street Specialty Lending worth $6,362,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in shares of 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 period. Sound Income Strategies LLC raised its holdings in shares of Sixth Street Specialty Lending by 5.6% in the 4th quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider's stock valued at $49,104,000 after buying an additional 122,312 shares during the period. Wells Fargo & Company MN increased its holdings in Sixth Street Specialty Lending by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock worth $25,201,000 after purchasing an additional 33,026 shares during the period. JPMorgan Chase & Co. increased its holdings in Sixth Street Specialty Lending by 16.1% during the 3rd 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. purchased a new stake in Sixth Street Specialty Lending during the 4th quarter worth about $17,488,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on TSLX. Truist Financial upped their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Raymond James reduced their target price on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a report on Thursday, April 24th. B. Riley initiated coverage on Sixth Street Specialty Lending in a research report on Tuesday. They set a "buy" rating and a $23.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised their target price on 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $22.81.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX traded up $0.52 during mid-day trading on Tuesday, reaching $22.33. 238,723 shares of the company's stock were exchanged, compared to its average volume of 361,188. 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 stock has a market capitalization of $2.10 billion, a PE ratio of 11.00 and a beta of 0.82. The business's fifty day simple moving average is $21.23 and its 200-day simple moving average is $21.41. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The business had revenue of $113.92 billion for the quarter, compared to analyst estimates of $116.70 million. During the same period last year, the firm posted $0.52 earnings per share. On average, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently announced a -- dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.06 dividend. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 8.9%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 97.35%.

Sixth Street Specialty Lending 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.