LSV Asset Management Reduces Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

LSV Asset Management reduced its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,132,662 shares of the financial services provider’s stock after selling 130,100 shares during the period. LSV Asset Management’s holdings in Sixth Street Specialty Lending were worth $24,126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $17,488,000. Texas Yale Capital Corp. raised its stake in Sixth Street Specialty Lending by 41.4% in the 4th quarter. Texas Yale Capital Corp. now owns 35,000 shares of the financial services provider’s stock worth $746,000 after acquiring an additional 10,250 shares during the last quarter. Waterloo Capital L.P. lifted its position in 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 worth $1,950,000 after acquiring an additional 5,220 shares during the period. Wells Fargo & Company MN lifted its position in Sixth Street Specialty Lending by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider’s stock worth $25,201,000 after acquiring an additional 33,026 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new stake in Sixth Street Specialty Lending during the 4th quarter valued at about $109,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Up 0.0 %

TSLX stock opened at $19.79 on Friday. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $23.67. 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’s fifty day moving average is $22.13 and its 200 day moving average is $21.39. The firm has a market cap of $1.85 billion, a PE ratio of 9.75 and a beta of 0.88.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $120.07 million. On average, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.07 dividend. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a yield of 6.99%. The ex-dividend date of this dividend was Friday, February 28th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 90.64%.

Analyst Ratings Changes

TSLX has been the topic of several research reports. Truist Financial increased their price target 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. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on shares of 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. Keefe, Bruyette & Woods increased their price target 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. Finally, Wells Fargo & Company boosted their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Sixth Street Specialty Lending presently has an average rating of “Moderate Buy” and a consensus 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.