XTX Topco Ltd Acquires Shares of 18,394 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

XTX Topco Ltd bought a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,394 shares of the financial services provider's stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Savvy Advisors Inc. purchased a new stake in Sixth Street Specialty Lending in the fourth quarter valued at $486,000. Advisors Capital Management LLC grew its stake in shares of Sixth Street Specialty Lending by 3.9% in the fourth quarter. Advisors Capital Management LLC now owns 694,616 shares of the financial services provider's stock valued at $14,795,000 after buying an additional 26,389 shares in the last quarter. Melia Wealth LLC grew its stake in shares of Sixth Street Specialty Lending by 3.4% in the fourth quarter. Melia Wealth LLC now owns 583,477 shares of the financial services provider's stock valued at $12,428,000 after buying an additional 19,034 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at $17,488,000. Finally, Texas Yale Capital Corp. grew its stake in shares of Sixth Street Specialty Lending by 41.4% in the fourth quarter. Texas Yale Capital Corp. now owns 35,000 shares of the financial services provider's stock valued at $746,000 after buying an additional 10,250 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock traded up $0.14 on Monday, hitting $21.06. The stock had a trading volume of 191,958 shares, compared to its average volume of 360,387. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67. 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 stock has a market cap of $1.98 billion, a price-to-earnings ratio of 10.37 and a beta of 0.88. The company's 50 day moving average price is $21.68 and its 200 day moving average price is $21.39.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. On average, research 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. Stockholders of record on Monday, March 3rd were issued a $0.07 dividend. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a dividend yield of 6.99%. The ex-dividend date of this dividend was Friday, February 28th. Sixth Street Specialty Lending's payout ratio is presently 90.64%.

Analyst Ratings Changes

TSLX has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research note on Thursday. Keefe, Bruyette & Woods boosted their target price 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. Wells Fargo & Company lowered their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Truist Financial boosted their target price 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.75.

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.