Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC raised its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,757 shares of the financial services provider’s stock after acquiring an additional 5,558 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Sixth Street Specialty Lending were worth $1,572,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Community Bank N.A. grew its position in Sixth Street Specialty Lending by 50.0% during the fourth quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 500 shares during the period. Total Clarity Wealth Management Inc. increased its stake in Sixth Street Specialty Lending by 1.5% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 48,998 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 705 shares during the last quarter. Signaturefd LLC increased its stake in Sixth Street Specialty Lending by 19.3% during the third quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 707 shares during the last quarter. Dearborn Partners LLC increased its stake in Sixth Street Specialty Lending by 0.9% during the third quarter. Dearborn Partners LLC now owns 91,719 shares of the financial services provider’s stock worth $1,875,000 after acquiring an additional 841 shares during the last quarter. Finally, Golden Green Inc. increased its stake in Sixth Street Specialty Lending by 1.1% during the third quarter. Golden Green Inc. now owns 96,655 shares of the financial services provider’s stock worth $1,976,000 after acquiring an additional 1,029 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Up 2.6 %

Shares of TSLX stock traded up $0.55 during trading hours on Friday, reaching $21.68. The company had a trading volume of 473,585 shares, compared to its average volume of 354,734. 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, Inc. has a twelve month low of $17.31 and a twelve month high of $22.35. The company has a market capitalization of $2.00 billion, a P/E ratio of 8.34 and a beta of 1.04. The stock’s fifty day simple moving average is $21.15 and its 200 day simple moving average is $21.08.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly 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 firm had revenue of $119.50 million during the quarter, compared to the consensus estimate of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. During the same quarter in the prior year, the business posted $0.65 earnings per share. As a group, sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.35 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s dividend payout ratio is currently 70.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TSLX shares. JMP Securities restated a “market outperform” rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Royal Bank of Canada upped their price target on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Truist Financial increased their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company increased their target price on 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.60.

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.