Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. reduced its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 715,000 shares of the financial services provider’s stock after selling 95,000 shares during the period. LGT Capital Partners LTD. owned about 0.82% of Sixth Street Specialty Lending worth $15,444,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TSLX. BluePath Capital Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter valued at about $33,000. Coppell Advisory Solutions Corp. purchased a new stake in Sixth Street Specialty Lending during the 4th quarter valued at approximately $42,000. Coppell Advisory Solutions LLC purchased a new position in shares of Sixth Street Specialty Lending in the 2nd quarter valued at approximately $45,000. Signaturefd LLC increased its holdings in shares of Sixth Street Specialty Lending by 19.3% in the third quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 707 shares during the period. Finally, Credit Suisse AG purchased a new stake in shares of Sixth Street Specialty Lending during the second quarter worth approximately $85,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Up 1.0 %

NYSE TSLX opened at $21.46 on Friday. Sixth Street Specialty Lending, Inc. has a one year low of $17.31 and a one year high of $22.35. The company’s 50 day moving average price is $21.44 and its 200 day moving average price is $20.95. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.25 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.66 and a current ratio of 1.66.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Sixth Street Specialty Lending had a net margin of 50.69% and a return on equity of 13.67%. The company had revenue of $119.50 million for the quarter, compared to analyst estimates of $115.18 million. During the same quarter last year, the firm posted $0.65 earnings per share. On average, sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.36 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 1.49%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 70.77%.

Analysts Set New Price Targets

TSLX has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $22.50 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a research note on Monday, January 29th. Truist Financial lifted their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada increased their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.60.

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.