Wambolt & Associates LLC Decreases Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wambolt & Associates LLC reduced its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 161,986 shares of the financial services provider’s stock after selling 22,059 shares during the period. Sixth Street Specialty Lending comprises 1.1% of Wambolt & Associates LLC’s investment portfolio, making the stock its 26th largest position. Wambolt & Associates LLC’s holdings in Sixth Street Specialty Lending were worth $3,450,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSLX. Connor Clark & Lunn Investment Management Ltd. increased its position in Sixth Street Specialty Lending by 106.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,184 shares of the financial services provider’s stock valued at $1,051,000 after purchasing an additional 26,349 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sixth Street Specialty Lending during the 3rd quarter valued at about $987,000. Truvestments Capital LLC increased its position in shares of Sixth Street Specialty Lending by 4.7% during the third quarter. Truvestments Capital LLC now owns 117,791 shares of the financial services provider’s stock valued at $2,418,000 after buying an additional 5,309 shares during the period. D.A. Davidson & CO. raised its stake in Sixth Street Specialty Lending by 10.3% in the third quarter. D.A. Davidson & CO. now owns 160,617 shares of the financial services provider’s stock worth $3,297,000 after buying an additional 15,060 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Sixth Street Specialty Lending by 399.4% in the third quarter. Quantbot Technologies LP now owns 26,774 shares of the financial services provider’s stock worth $550,000 after buying an additional 21,413 shares during the period. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Price Performance

TSLX opened at $22.42 on Tuesday. The firm has a market cap of $2.10 billion, a PE ratio of 11.04 and a beta of 1.08. The stock has a 50-day moving average price of $22.40 and a 200-day moving average price of $21.36. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $23.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share 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 net margin of 38.67% and a return on equity of 13.47%. 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 company also recently disclosed a dividend, which was paid on Thursday, March 20th. Investors 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 payout ratio is presently 90.64%.

Analysts Set New Price Targets

A number of research firms have weighed in on TSLX. Royal Bank of Canada upped 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, February 26th. Keefe, Bruyette & Woods raised their price objective 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. Truist Financial upped their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.07.

About Sixth Street Specialty Lending

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.