Plan Group Financial LLC Takes Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Plan Group Financial LLC acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,561 shares of the financial services provider’s stock, valued at approximately $417,000.

Several other institutional investors have also added to or reduced their stakes in TSLX. Trust Co. of Vermont bought a new position in Sixth Street Specialty Lending during the 4th quarter worth about $39,000. Quarry LP grew its holdings in shares of Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,238 shares in the last quarter. EMC Capital Management raised its position in Sixth Street Specialty Lending by 92.5% in the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock valued at $144,000 after buying an additional 3,242 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Sixth Street Specialty Lending in the 3rd quarter valued at approximately $196,000. Finally, Robertson Stephens Wealth Management LLC acquired a new position in Sixth Street Specialty Lending during the 4th quarter worth approximately $207,000. 70.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TSLX shares. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company increased their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Truist Financial raised their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and an average target price of $22.79.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $23.08 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 11.37 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $23.15. The firm’s 50-day simple moving average is $21.60 and its two-hundred day simple moving average is $21.03.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its 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. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. As a group, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.22 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.07 dividend. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, March 14th. Sixth Street Specialty Lending’s dividend payout ratio is currently 90.64%.

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.