Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by Community Bank N.A.

Community Bank N.A. grew its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. Community Bank N.A.’s holdings in Sixth Street Specialty Lending were worth $32,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio boosted its stake in Sixth Street Specialty Lending by 2.6% during the fourth quarter. Strs Ohio now owns 3,134,865 shares of the financial services provider’s stock worth $67,713,000 after buying an additional 79,180 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of Sixth Street Specialty Lending by 1.2% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,994,679 shares of the financial services provider’s stock worth $40,771,000 after purchasing an additional 22,731 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Sixth Street Specialty Lending by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,989,678 shares of the financial services provider’s stock valued at $42,977,000 after buying an additional 148,290 shares during the last quarter. Van ECK Associates Corp raised its stake in 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 valued at $29,560,000 after buying an additional 95,269 shares in the last quarter. Finally, Callodine Capital Management LP lifted its holdings in Sixth Street Specialty Lending by 5.6% during the 3rd quarter. Callodine Capital Management LP now owns 1,410,030 shares of the financial services provider’s stock worth $28,821,000 after buying an additional 75,000 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSLX. JMP Securities reissued 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. 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. Royal Bank of Canada lifted their price target on 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. Finally, Truist Financial increased their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.60.

Sixth Street Specialty Lending Price Performance

TSLX stock traded up $0.24 during trading on Friday, hitting $21.37. The stock had a trading volume of 69,375 shares, compared to its average volume of 399,893. Sixth Street Specialty Lending, Inc. has a 1-year low of $17.31 and a 1-year high of $22.35. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 8.13 and a beta of 1.04. The company’s 50 day moving average price is $21.15 and its two-hundred day moving average price is $21.06. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.66 and a current ratio of 1.66.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.62 EPS for the quarter, topping 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 business had revenue of $119.50 million during the quarter, compared to the consensus estimate of $115.18 million. During the same period in the prior year, the firm posted $0.65 EPS. On average, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.35 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 70.77%.

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.