Callodine Capital Management LP Sells 25,000 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Callodine Capital Management LP cut its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,075,000 shares of the financial services provider’s stock after selling 25,000 shares during the quarter. Sixth Street Specialty Lending comprises approximately 4.7% of Callodine Capital Management LP’s investment portfolio, making the stock its 6th biggest position. Callodine Capital Management LP’s holdings in Sixth Street Specialty Lending were worth $22,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in Sixth Street Specialty Lending in the fourth quarter valued at about $39,000. First Horizon Advisors Inc. raised its stake in shares of 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 valued at $49,000 after acquiring an additional 465 shares during the period. Signaturefd LLC lifted its holdings in shares of Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 550 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $109,000. Finally, EMC Capital Management boosted its position in shares of Sixth Street Specialty Lending by 92.5% during the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 3,242 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

TSLX stock opened at $20.43 on Friday. The business’s 50-day moving average is $21.97 and its two-hundred day moving average is $21.37. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $1.92 billion, a P/E ratio of 10.07 and a beta of 0.88. 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 issued its 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 firm had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $120.07 million. 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 announced a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 6.99%. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s payout ratio is presently 90.64%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank of Canada upped their price target on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price 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. JPMorgan Chase & Co. boosted their price target 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. Finally, Truist Financial raised their price objective on shares of 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 five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of “Moderate Buy” and an average target price 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.