Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Holdings Lifted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,115 shares of the financial services provider’s stock after acquiring an additional 6,522 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.59% of Sixth Street Specialty Lending worth $11,639,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. 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 purchasing an additional 500 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of Sixth Street Specialty Lending during the 3rd quarter valued at $33,000. Tower Research Capital LLC TRC grew its holdings in shares of Sixth Street Specialty Lending by 576.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,281 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,944 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth $65,000. Finally, Security National Bank purchased a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $68,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLX has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. JMP Securities restated a “market outperform” rating and set a $22.50 target price on shares of Sixth Street Specialty Lending in a report 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. Finally, Wells Fargo & Company increased 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

Sixth Street Specialty Lending Price Performance

TSLX stock traded up $0.12 during trading on Friday, hitting $21.01. The company had a trading volume of 469,704 shares, compared to its average volume of 411,444. The company has a current ratio of 2.03, a quick ratio of 1.66 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average price of $21.11 and a two-hundred day moving average price of $21.12. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $17.31 and a fifty-two week high of $22.35. The company has a market cap of $1.95 billion, a P/E ratio of 8.47 and a beta of 1.03.

Sixth Street Specialty Lending (NYSE:TSLX) last released 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 for the quarter, compared to analyst estimates of $115.18 million. Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. During the same period in the previous year, the business earned $0.65 earnings per share. Equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.35 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, May 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%. Sixth Street Specialty Lending’s payout ratio is 74.19%.

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.