Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stake Lessened by Denali Advisors LLC

Denali Advisors LLC decreased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 207,976 shares of the financial services provider’s stock after selling 12,916 shares during the quarter. Denali Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $4,430,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in Sixth Street Specialty Lending by 26.8% during the 3rd quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 5,398 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in shares of 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 purchasing an additional 9,350 shares during the period. Van ECK Associates Corp grew its position 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 valued at $47,117,000 after purchasing an additional 141,463 shares in the last quarter. Confluence Investment Management LLC grew its position 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 valued at $5,131,000 after purchasing an additional 3,250 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC increased its stake in Sixth Street Specialty Lending by 98.6% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider’s stock valued at $2,971,000 after buying an additional 71,849 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

NYSE TSLX opened at $23.22 on Wednesday. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $23.66. The stock’s 50-day moving average is $21.80 and its two-hundred day moving average is $21.14. The firm has a market cap of $2.17 billion, a P/E ratio of 11.44 and a beta of 1.06. 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 (NYSE:TSLX) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business 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, analysts anticipate 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 company also recently disclosed a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a $0.07 dividend. This represents a dividend yield of 7.06%. This is a boost from Sixth Street Specialty Lending’s previous dividend of $0.05. The ex-dividend date is Friday, February 28th. Sixth Street Specialty Lending’s payout ratio is presently 90.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TSLX shares. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, Truist Financial boosted their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and an average price target of $22.79.

About Sixth Street Specialty Lending

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.