LPL Financial LLC Acquires 38,169 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

LPL Financial LLC lifted its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 573,859 shares of the financial services provider’s stock after purchasing an additional 38,169 shares during the quarter. LPL Financial LLC’s holdings in Sixth Street Specialty Lending were worth $12,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trust Co. of Vermont purchased a new position in Sixth Street Specialty Lending in the fourth quarter worth about $39,000. First Horizon Advisors Inc. increased its position in shares of Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 465 shares in the last quarter. Quarry LP raised its holdings in Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 3,238 shares during the last quarter. Signaturefd LLC lifted its position in Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 550 shares in the last quarter. Finally, EMC Capital Management boosted its stake in Sixth Street Specialty Lending by 92.5% during the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 3,242 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLX has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased 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. JPMorgan Chase & Co. boosted their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Truist Financial raised their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their target price on shares of 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. Finally, Royal Bank of Canada raised their price target 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.17.

Sixth Street Specialty Lending Stock Down 0.6 %

TSLX opened at $22.29 on Thursday. The firm’s 50 day simple moving average is $22.51 and its two-hundred day simple moving average is $21.42. The company has a market capitalization of $2.09 billion, a PE ratio of 10.98 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year 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.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $120.07 million. As a group, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

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

About Sixth Street Specialty Lending

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.