LGT Capital Partners LTD. Sells 95,000 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

LGT Capital Partners LTD. lowered its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 11.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 715,000 shares of the financial services provider’s stock after selling 95,000 shares during the period. LGT Capital Partners LTD.’s holdings in Sixth Street Specialty Lending were worth $15,444,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TSLX. BluePath Capital Management LLC acquired a new stake in shares of Sixth Street Specialty Lending during the 3rd quarter valued at $33,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth about $42,000. Coppell Advisory Solutions LLC acquired a new position in shares of Sixth Street Specialty Lending in the second quarter valued at approximately $45,000. Credit Suisse AG bought a new position in Sixth Street Specialty Lending in the 2nd quarter valued at approximately $85,000. Finally, Signaturefd LLC boosted its position in Sixth Street Specialty Lending by 19.3% during the 3rd quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider’s stock worth $89,000 after buying an additional 707 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TSLX. JMP Securities reissued a “market outperform” rating and issued a $22.50 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday. Royal Bank of Canada boosted their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Truist Financial upped their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company upped their target price on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.60.

Sixth Street Specialty Lending Trading Up 1.0 %

NYSE:TSLX opened at $21.46 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.66 and a quick ratio of 1.66. Sixth Street Specialty Lending, Inc. has a one year low of $17.31 and a one year high of $22.35. The company has a market cap of $1.88 billion, a PE ratio of 8.25 and a beta of 1.04. The firm has a 50-day moving average of $21.44 and a 200-day moving average of $20.95.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $119.50 million during the quarter, compared to the consensus estimate of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.36 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 1.49%. Sixth Street Specialty Lending’s payout ratio is 70.77%.

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.