Melia Wealth LLC Buys 19,034 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Melia Wealth LLC boosted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 583,477 shares of the financial services provider’s stock after acquiring an additional 19,034 shares during the period. Sixth Street Specialty Lending accounts for about 6.5% of Melia Wealth LLC’s portfolio, making the stock its 8th biggest position. Melia Wealth LLC’s holdings in Sixth Street Specialty Lending were worth $12,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its holdings in shares of Sixth Street Specialty Lending by 25.3% during 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 in the last quarter. Signaturefd LLC lifted its position in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 550 shares during the period. Cornerstone Wealth Management LLC grew its stake in Sixth Street Specialty Lending by 1.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider’s stock worth $984,000 after buying an additional 621 shares in the last quarter. Dearborn Partners LLC increased its holdings in Sixth Street Specialty Lending by 1.3% in the 4th quarter. Dearborn Partners LLC now owns 58,768 shares of the financial services provider’s stock valued at $1,252,000 after buying an additional 763 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of 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 valued at $273,000 after buying an additional 909 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on TSLX. JPMorgan Chase & Co. increased 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 report on Tuesday, February 18th. Truist Financial raised their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Royal Bank of Canada upped their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.17.

Sixth Street Specialty Lending Trading Up 0.0 %

NYSE TSLX opened at $19.79 on Friday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 9.75 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $23.67. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The business’s fifty day moving average is $22.13 and its 200 day moving average is $21.39.

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 firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. As a group, sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.07 per share. This represents a 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 was Friday, February 28th. Sixth Street Specialty Lending’s payout ratio is presently 90.64%.

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.