Naviter Wealth LLC Has $2.26 Million Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Naviter Wealth LLC decreased its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,983 shares of the financial services provider’s stock after selling 7,484 shares during the quarter. Naviter Wealth LLC owned about 0.11% of Sixth Street Specialty Lending worth $2,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of TSLX. Trust Co. of Vermont acquired a new stake in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $39,000. First Horizon Advisors Inc. grew its position in Sixth Street Specialty Lending by 25.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 465 shares during the period. Quarry LP increased its stake in Sixth Street Specialty Lending by 378.3% during the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 3,238 shares in the last quarter. EMC Capital Management increased 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 in the last quarter. Finally, Robertson Stephens Wealth Management LLC bought a new stake in Sixth Street Specialty Lending during the 4th quarter valued at $207,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $22.67 on Friday. 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 debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 11.17 and a beta of 1.06. The company has a fifty day moving average price of $22.17 and a 200-day moving average price of $21.27.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. As a group, equities research analysts predict 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 declared a dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a $0.07 dividend. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a dividend yield of 6.99%. The ex-dividend date is Friday, February 28th. Sixth Street Specialty Lending’s payout ratio is 90.64%.

Analysts Set New Price Targets

TSLX has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Truist Financial boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their price target 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

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.