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

Dearborn Partners LLC increased its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,405 shares of the financial services provider’s stock after acquiring an additional 4,637 shares during the quarter. Dearborn Partners LLC’s holdings in Sixth Street Specialty Lending were worth $1,419,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TSLX. LPL Financial LLC boosted its holdings in shares of Sixth Street Specialty Lending by 7.1% in the 4th quarter. LPL Financial LLC now owns 573,859 shares of the financial services provider’s stock valued at $12,223,000 after purchasing an additional 38,169 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Sixth Street Specialty Lending by 4.4% in the 4th quarter. Franklin Resources Inc. now owns 341,477 shares of the financial services provider’s stock valued at $7,273,000 after purchasing an additional 14,394 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter valued at $109,000. Wells Fargo & Company MN boosted its holdings in shares of Sixth Street Specialty Lending by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider’s stock valued at $25,201,000 after purchasing an additional 33,026 shares during the last quarter. Finally, Waterloo Capital L.P. boosted its holdings in shares of Sixth Street Specialty Lending by 6.0% in the 4th quarter. Waterloo Capital L.P. now owns 91,526 shares of the financial services provider’s stock valued at $1,950,000 after purchasing an additional 5,220 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TSLX shares. Raymond James Financial decreased their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. B. Riley initiated coverage on shares of Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They issued a “buy” rating and a $23.00 target price on the stock. Wells Fargo & Company cut their target price on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $22.81.

Sixth Street Specialty Lending Stock Performance

Sixth Street Specialty Lending stock opened at $23.86 on Wednesday. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $25.17. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.62 and a beta of 0.83. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.06 and a quick ratio of 3.06. The firm’s fifty day moving average price is $23.63 and its 200 day moving average price is $22.43.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. The firm had revenue of $113.92 billion for the quarter, compared to the consensus estimate of $116.70 million. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were paid a dividend of $0.06 per share. This represents a yield of 9.21%. The ex-dividend date of this dividend was Friday, May 30th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 97.35%.

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.