Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 6.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,526 shares of the financial services provider’s stock after purchasing an additional 5,220 shares during the period. Waterloo Capital L.P.’s holdings in Sixth Street Specialty Lending were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in TSLX. Trust Co. of Vermont bought a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth about $39,000. First Horizon Advisors Inc. boosted its stake in 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 valued at $49,000 after purchasing an additional 465 shares during the period. Quarry LP grew its position in Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,238 shares during the last quarter. Signaturefd LLC increased its stake in shares of Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 550 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $109,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Price Performance

NYSE:TSLX opened at $20.34 on Friday. 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 50-day moving average price is $22.47 and its 200 day moving average price is $21.43. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $23.67. The firm has a market cap of $1.90 billion, a P/E ratio of 10.02 and a beta of 0.88.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data 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 company had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $120.07 million. As a group, sell-side analysts predict 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 business also recently declared a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 6.99%. This is a boost from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio is currently 90.64%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TSLX shares. Keefe, Bruyette & Woods increased their price objective 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. LADENBURG THALM/SH SH lowered 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 shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Truist Financial raised their target price 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. Finally, JPMorgan Chase & Co. upped 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to 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.