Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 103,655.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,666 shares of the financial services provider’s stock after buying an additional 294,382 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Sixth Street Specialty Lending were worth $6,365,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strs Ohio boosted its stake in shares of Sixth Street Specialty Lending by 2.6% in the fourth quarter. Strs Ohio now owns 3,134,865 shares of the financial services provider’s stock worth $67,713,000 after buying an additional 79,180 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in Sixth Street Specialty Lending by 1.2% in the third quarter. Burgundy Asset Management Ltd. now owns 1,994,679 shares of the financial services provider’s stock valued at $40,771,000 after acquiring an additional 22,731 shares during the period. Sound Income Strategies LLC boosted its position in Sixth Street Specialty Lending by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 1,989,678 shares of the financial services provider’s stock worth $42,977,000 after purchasing an additional 148,290 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Sixth Street Specialty Lending by 11.0% during the 4th quarter. Van ECK Associates Corp now owns 1,604,944 shares of the financial services provider’s stock worth $34,667,000 after purchasing an additional 158,746 shares during the period. Finally, Callodine Capital Management LP increased its holdings in shares of Sixth Street Specialty Lending by 5.6% during the 3rd quarter. Callodine Capital Management LP now owns 1,410,030 shares of the financial services provider’s stock valued at $28,821,000 after purchasing an additional 75,000 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Price Performance

Shares of TSLX traded up $0.12 during mid-day trading on Friday, hitting $21.01. 469,704 shares of the company were exchanged, compared to its average volume of 411,444. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 8.47 and a beta of 1.03. Sixth Street Specialty Lending, Inc. has a 1-year low of $17.31 and a 1-year high of $22.35. The company has a 50 day moving average of $21.11 and a 200-day moving average of $21.12. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.66 and a current ratio of 2.03.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Friday, February 16th. The financial services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $119.50 million during the quarter, compared to analysts’ expectations of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Analysts expect that Sixth Street Specialty Lending, Inc. will post 2.35 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, May 31st. Sixth Street Specialty Lending’s dividend payout ratio is currently 74.19%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. JMP Securities restated a “market outperform” rating and set a $22.50 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Truist Financial upped their price target on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Wells Fargo & Company raised their price objective on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and a consensus target price 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.