Signaturefd LLC Increases Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Signaturefd LLC boosted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,673 shares of the financial services provider’s stock after acquiring an additional 550 shares during the quarter. Signaturefd LLC’s holdings in Sixth Street Specialty Lending were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Sixth Street Specialty Lending by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock valued at $24,131,000 after purchasing an additional 162,810 shares during the last quarter. Gilman Hill Asset Management LLC purchased a new stake in Sixth Street Specialty Lending in the fourth quarter worth approximately $1,974,000. Round Rock Advisors LLC bought a new position in Sixth Street Specialty Lending during the fourth quarter valued at approximately $1,789,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Sixth Street Specialty Lending by 106.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,184 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 26,349 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Sixth Street Specialty Lending by 5.6% in the 4th quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider’s stock worth $49,104,000 after acquiring an additional 122,312 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $22.52 on Monday. 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 $2.11 billion, a P/E ratio of 11.09 and a beta of 1.08. The business’s 50 day moving average price is $22.37 and its 200-day moving average price is $21.36. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The business had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $120.07 million. On average, equities research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 6.99%. This is a boost from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s payout ratio is currently 90.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TSLX shares. Wells Fargo & Company increased their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Truist Financial raised their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

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.