Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Holdings Decreased by Sargent Investment Group LLC

Sargent Investment Group LLC reduced its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,400 shares of the financial services provider’s stock after selling 25,000 shares during the period. Sargent Investment Group LLC’s holdings in Sixth Street Specialty Lending were worth $937,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TSLX. Raymond James Financial Services Advisors Inc. grew its stake in Sixth Street Specialty Lending by 19.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 536,593 shares of the financial services provider’s stock valued at $11,590,000 after purchasing an additional 88,236 shares in the last quarter. UBS Group AG raised its stake in shares of Sixth Street Specialty Lending by 13.3% in the 3rd quarter. UBS Group AG now owns 460,440 shares of the financial services provider’s stock valued at $9,411,000 after acquiring an additional 53,871 shares in the last quarter. Van ECK Associates Corp lifted 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 worth $29,560,000 after buying an additional 95,269 shares during the last quarter. Stifel Financial Corp grew its stake in Sixth Street Specialty Lending by 17.9% in the 3rd quarter. Stifel Financial Corp now owns 445,846 shares of the financial services provider’s stock valued at $9,113,000 after buying an additional 67,649 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC raised its holdings in Sixth Street Specialty Lending by 31.3% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 118,770 shares of the financial services provider’s stock worth $2,428,000 after acquiring an additional 28,299 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

TSLX traded up $0.55 during midday trading on Friday, reaching $21.68. 473,585 shares of the company’s stock were exchanged, compared to its average volume of 354,734. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.19. The business has a 50-day simple moving average of $21.15 and a two-hundred day simple moving average of $21.08. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.34 and a beta of 1.04. Sixth Street Specialty Lending, Inc. has a one year low of $17.31 and a one year high of $22.35.

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

Sixth Street Specialty Lending Increases Dividend

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

Analyst Ratings Changes

TSLX has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Truist Financial lifted their price target on 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. Royal Bank of Canada increased their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $22.50 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

Sixth Street Specialty Lending Company 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.