Baillie Gifford & Co. Purchases 128,763 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Baillie Gifford & Co. grew its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 72.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,429 shares of the financial services provider’s stock after acquiring an additional 128,763 shares during the period. Baillie Gifford & Co.’s holdings in Sixth Street Specialty Lending were worth $6,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in Sixth Street Specialty Lending in the fourth quarter worth about $39,000. Quarry LP raised its stake in Sixth Street Specialty Lending by 378.3% in the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,238 shares in the last quarter. EMC Capital Management raised its stake in Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after buying an additional 3,242 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Sixth Street Specialty Lending in the third quarter worth about $196,000. Finally, Robertson Stephens Wealth Management LLC bought a new position in Sixth Street Specialty Lending in the fourth quarter worth about $207,000. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Trading Up 0.5 %

TSLX opened at $23.08 on Wednesday. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $23.15. The stock has a market capitalization of $2.15 billion, a PE ratio of 11.20 and a beta of 1.06. The business’s 50 day moving average price is $21.60 and its 200 day moving average price is $21.03. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. As a group, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio is currently 89.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSLX. Wells Fargo & Company increased their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased 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 report on Tuesday. Truist Financial raised their price objective on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of “Moderate Buy” and an average price target of $22.79.

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.