Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Clayton Partners LLC

Clayton Partners LLC trimmed its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,472 shares of the financial services provider’s stock after selling 1,011 shares during the quarter. Sixth Street Specialty Lending accounts for about 2.5% of Clayton Partners LLC’s portfolio, making the stock its 17th biggest holding. Clayton Partners LLC owned 0.18% of Sixth Street Specialty Lending worth $3,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSLX. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Sixth Street Specialty Lending by 12.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 355,434 shares of the financial services provider’s stock valued at $7,297,000 after acquiring an additional 40,330 shares during the last quarter. Muzinich & Co. Inc. lifted its stake in Sixth Street Specialty Lending by 12.4% during the third quarter. Muzinich & Co. Inc. now owns 366,410 shares of the financial services provider’s stock valued at $7,522,000 after buying an additional 40,330 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Sixth Street Specialty Lending by 106.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,184 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 26,349 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Sixth Street Specialty Lending by 9.8% during the third quarter. Advisors Asset Management Inc. now owns 175,848 shares of the financial services provider’s stock valued at $3,610,000 after buying an additional 15,766 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Sixth Street Specialty Lending during the third quarter valued at about $987,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Trading Down 0.8 %

NYSE:TSLX opened at $21.79 on Friday. The stock’s 50 day moving average price is $22.25 and its 200 day moving average price is $21.32. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $23.67. The company has a market capitalization of $2.04 billion, a P/E ratio of 10.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. On average, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.07 per share. This represents a yield of 6.99%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 90.64%.

Wall Street Analysts Forecast Growth

TSLX has been the subject of a number of analyst reports. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Truist Financial upped their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company upped their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods upped their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

Sixth Street Specialty Lending Company 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.