Stifel Financial Corp Buys 87,798 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Stifel Financial Corp boosted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 15.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 638,793 shares of the financial services provider's stock after purchasing an additional 87,798 shares during the period. Stifel Financial Corp owned about 0.68% of Sixth Street Specialty Lending worth $13,606,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its holdings in Sixth Street Specialty Lending by 32.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 43,554 shares of the financial services provider's stock worth $928,000 after acquiring an additional 10,641 shares during the last quarter. Guggenheim Capital LLC raised its stake in Sixth Street Specialty Lending by 6.3% in the 4th quarter. Guggenheim Capital LLC now owns 25,587 shares of the financial services provider's stock worth $545,000 after purchasing an additional 1,520 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth $392,000. Savvy Advisors Inc. bought a new stake in Sixth Street Specialty Lending during the fourth quarter worth $486,000. Finally, Advisors Capital Management LLC grew its holdings in shares of Sixth Street Specialty Lending by 3.9% during the 4th quarter. Advisors Capital Management LLC now owns 694,616 shares of the financial services provider's stock valued at $14,795,000 after purchasing an additional 26,389 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX traded up $0.29 during midday trading on Thursday, reaching $20.99. The company's stock had a trading volume of 184,620 shares, compared to its average volume of 359,934. The firm has a 50 day moving average price of $21.80 and a 200-day moving average price of $21.37. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $23.67. The stock has a market capitalization of $1.97 billion, a P/E ratio of 10.33 and a beta of 0.88.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $120.07 million. As a group, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on TSLX shares. Keefe, Bruyette & Woods lifted their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Royal Bank of Canada upped their target price 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. JPMorgan Chase & Co. cut their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a report on Thursday. Finally, Truist Financial boosted their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.92.

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.