Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 25.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,486 shares of the financial services provider’s stock after acquiring an additional 1,119 shares during the period. Signaturefd LLC’s holdings in Sixth Street Specialty Lending were worth $118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Melia Wealth LLC acquired a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth about $15,144,000. Allen Investment Management LLC increased its position in Sixth Street Specialty Lending by 956.1% during the 3rd quarter. Allen Investment Management LLC now owns 340,760 shares of the financial services provider’s stock worth $6,965,000 after purchasing an additional 308,493 shares during the period. Sound Income Strategies LLC raised its stake in shares of Sixth Street Specialty Lending by 8.1% during the 4th quarter. Sound Income Strategies LLC now owns 1,989,678 shares of the financial services provider’s stock worth $42,977,000 after buying an additional 148,290 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Sixth Street Specialty Lending by 25.3% in the 4th quarter. Cerity Partners LLC now owns 534,868 shares of the financial services provider’s stock valued at $11,553,000 after buying an additional 108,044 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Sixth Street Specialty Lending by 7.1% in the third quarter. Van ECK Associates Corp now owns 1,446,198 shares of the financial services provider’s stock valued at $29,560,000 after buying an additional 95,269 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their target price on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a report on Monday, January 29th. Royal Bank of Canada raised their price objective on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Truist Financial upped their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.60.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $21.69 on Tuesday. The company has a 50-day moving average of $21.15 and a two-hundred day moving average of $21.10. The stock has a market cap of $2.00 billion, a P/E ratio of 8.34 and a beta of 1.04. Sixth Street Specialty Lending, Inc. has a 12-month low of $17.31 and a 12-month high of $22.35. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.19.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $119.50 million for the quarter, compared to analyst estimates of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.35 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 70.77%.

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.