First Horizon Advisors Inc. Grows Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

First Horizon Advisors Inc. lifted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,302 shares of the financial services provider’s stock after purchasing an additional 465 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sixth Street Specialty Lending were worth $49,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TSLX. Private Advisor Group LLC raised its stake in shares of Sixth Street Specialty Lending by 26.8% during the third quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 5,398 shares during the last quarter. Financial Advocates Investment Management grew its holdings in Sixth Street Specialty Lending by 6.6% during the third quarter. Financial Advocates Investment Management now owns 151,985 shares of the financial services provider’s stock worth $3,120,000 after acquiring an additional 9,350 shares during the period. Van ECK Associates Corp grew its holdings in Sixth Street Specialty Lending by 6.6% during the third quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider’s stock worth $47,117,000 after acquiring an additional 141,463 shares during the period. Confluence Investment Management LLC grew its holdings in Sixth Street Specialty Lending by 1.3% during the third quarter. Confluence Investment Management LLC now owns 249,909 shares of the financial services provider’s stock worth $5,131,000 after acquiring an additional 3,250 shares during the period. Finally, Legacy Capital Wealth Partners LLC grew its holdings in Sixth Street Specialty Lending by 98.6% during the third quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider’s stock worth $2,971,000 after acquiring an additional 71,849 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSLX. Royal Bank of Canada upped their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial upped their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Keefe, Bruyette & Woods upped their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped their target price on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.07.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $23.24 on Friday. The business’s 50-day moving average price is $21.96 and its 200 day moving average price is $21.18. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.50 and a twelve month high of $23.66. The company has a market capitalization of $2.18 billion, a PE ratio of 11.45 and a beta of 1.06. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 EPS 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 return on equity of 13.47% and a net margin of 38.67%. On average, research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be issued a $0.07 dividend. This represents a dividend yield of 6.99%. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. The ex-dividend date is Friday, February 28th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 90.64%.

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.