26,233 Shares in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Acquired by Sage Investment Counsel LLC

Sage Investment Counsel LLC bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,233 shares of the financial services provider’s stock, valued at approximately $559,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. lifted its holdings in Sixth Street Specialty Lending by 7.1% in the 4th quarter. Muzinich & Co. Inc. now owns 392,418 shares of the financial services provider’s stock worth $8,359,000 after purchasing an additional 26,008 shares during the last quarter. Canton Hathaway LLC acquired a new stake in Sixth Street Specialty Lending in the 4th quarter worth approximately $329,000. Bank of New York Mellon Corp lifted its holdings in Sixth Street Specialty Lending by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 909 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Sixth Street Specialty Lending in the 4th quarter worth approximately $392,000. Finally, First Horizon Advisors Inc. lifted its holdings in Sixth Street Specialty Lending by 25.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 465 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX opened at $23.53 on Friday. The business has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $21.20. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.59 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $23.66.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its 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. The business had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. Sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a $0.07 dividend. This represents a dividend yield of 6.99%. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. The ex-dividend date of this dividend is Friday, February 28th. Sixth Street Specialty Lending’s dividend payout ratio is presently 90.64%.

Analyst Upgrades and Downgrades

TSLX has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday. 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 price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company upped their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and an average target price of $23.07.

Sixth Street Specialty Lending Company 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.