Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 34.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 93,778 shares of the financial services provider’s stock after selling 48,241 shares during the period. Commonwealth Equity Services LLC’s holdings in Sixth Street Specialty Lending were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of Sixth Street Specialty Lending by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock worth $50,972,000 after acquiring an additional 103,634 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Sixth Street Specialty Lending by 5.6% in the fourth quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider’s stock valued at $49,104,000 after purchasing an additional 122,312 shares during the period. Progeny 3 Inc. raised its holdings in shares of Sixth Street Specialty Lending by 10.6% during the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider’s stock valued at $46,249,000 after buying an additional 215,996 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sixth Street Specialty Lending by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock worth $24,131,000 after buying an additional 162,810 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Sixth Street Specialty Lending by 1.1% in the 3rd quarter. Two Sigma Advisers LP now owns 867,286 shares of the financial services provider’s stock worth $17,805,000 after buying an additional 9,700 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TSLX shares. Wells Fargo & Company lifted their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods upped their price target on shares of 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. Finally, Truist Financial raised their price objective 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.17.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $22.50 on Friday. 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 firm’s 50 day moving average is $22.46 and its 200-day moving average is $21.39. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $23.67. The stock has a market capitalization of $2.11 billion, a P/E ratio of 11.09 and a beta of 1.08.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (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 firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Equities research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

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

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.