Stratos Wealth Advisors LLC Invests $545,000 in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Stratos Wealth Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,567 shares of the financial services provider’s stock, valued at approximately $545,000.

Several other large investors have also recently added to or reduced their stakes in the company. Columbus Macro LLC acquired a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $7,669,000. Millennium Management LLC increased its holdings in Sixth Street Specialty Lending by 482.6% in the second quarter. Millennium Management LLC now owns 287,311 shares of the financial services provider’s stock valued at $6,134,000 after buying an additional 237,995 shares in the last quarter. Progeny 3 Inc. lifted its position in shares of Sixth Street Specialty Lending by 10.6% during the 3rd quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider’s stock valued at $46,249,000 after acquiring an additional 215,996 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sixth Street Specialty Lending by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock worth $24,131,000 after acquiring an additional 162,810 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Sixth Street Specialty Lending by 498.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider’s stock worth $3,976,000 after acquiring an additional 161,295 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSLX has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $22.33.

Sixth Street Specialty Lending Trading Down 0.0 %

Sixth Street Specialty Lending stock opened at $22.14 on Friday. The stock has a 50-day moving average price of $21.47 and a 200 day moving average price of $20.97. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.47. The stock has a market cap of $2.07 billion, a PE ratio of 10.75 and a beta of 1.06. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The business had revenue of $119.22 million during the quarter, compared to the consensus estimate of $119.85 million. During the same period in the previous year, the firm posted $0.60 earnings per share. Equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were issued a $0.05 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 7.59%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

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.