Texas Yale Capital Corp. Grows Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Texas Yale Capital Corp. boosted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 41.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,000 shares of the financial services provider’s stock after purchasing an additional 10,250 shares during the period. Texas Yale Capital Corp.’s holdings in Sixth Street Specialty Lending were worth $746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waterloo Capital L.P. increased its position in shares of Sixth Street Specialty Lending by 6.0% during the 4th quarter. Waterloo Capital L.P. now owns 91,526 shares of the financial services provider’s stock valued at $1,950,000 after purchasing an additional 5,220 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Sixth Street Specialty Lending by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider’s stock valued at $25,201,000 after acquiring an additional 33,026 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at approximately $109,000. Franklin Resources Inc. increased its stake in shares of Sixth Street Specialty Lending by 4.4% during the 4th quarter. Franklin Resources Inc. now owns 341,477 shares of the financial services provider’s stock worth $7,273,000 after purchasing an additional 14,394 shares during the last quarter. Finally, TrueMark Investments LLC raised its holdings in shares of Sixth Street Specialty Lending by 38.3% in the 4th quarter. TrueMark Investments LLC now owns 217,155 shares of the financial services provider’s stock worth $4,625,000 after purchasing an additional 60,119 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Up 6.6 %

Sixth Street Specialty Lending stock opened at $20.43 on Thursday. The stock has a market cap of $1.91 billion, a P/E ratio of 10.06 and a beta of 0.88. The firm’s 50 day moving average price is $22.23 and its 200-day moving average price is $21.39. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $23.67.

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

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a $0.07 dividend. This represents a yield of 6.99%. The ex-dividend date was Friday, February 28th. 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%.

Wall Street Analysts Forecast Growth

TSLX has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Royal Bank of Canada boosted their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.17.

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.