Cresset Asset Management LLC Buys 135,593 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Cresset Asset Management LLC increased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 83.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,663 shares of the financial services provider's stock after purchasing an additional 135,593 shares during the period. Cresset Asset Management LLC owned 0.32% of Sixth Street Specialty Lending worth $6,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSLX. Raymond James Financial Inc. purchased a new stake in shares of Sixth Street Specialty Lending in the fourth quarter worth about $17,488,000. Columbus Macro LLC purchased a new stake in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $7,669,000. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $24,131,000 after acquiring an additional 162,810 shares during the last quarter. Wealthstar Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at $2,782,000. Finally, Baillie Gifford & Co. increased its position in Sixth Street Specialty Lending by 72.5% in the fourth quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider's stock worth $6,527,000 after purchasing an additional 128,763 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TSLX has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective 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, April 24th. Royal Bank of Canada lifted their price target on 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. Keefe, Bruyette & Woods upped their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Truist Financial lifted their target price 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. Finally, Wells Fargo & Company decreased their price target on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of "Moderate Buy" and an average price target of $22.79.

Sixth Street Specialty Lending Trading Up 0.6 %

Shares of TSLX traded up $0.13 during trading hours on Friday, reaching $21.29. 356,104 shares of the company traded hands, compared to its average volume of 360,662. The stock's fifty day moving average price is $21.24 and its 200 day moving average price is $21.39. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 10.49 and a beta of 0.82. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 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 the consensus estimate of $116.70 million. During the same period in the prior year, the firm earned $0.52 EPS. Sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

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