14,355 Shares in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Purchased by Principal Street Partners LLC

Principal Street Partners LLC purchased a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,355 shares of the financial services provider’s stock, valued at approximately $306,000.

Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Sixth Street Specialty Lending by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider’s stock worth $25,201,000 after purchasing an additional 33,026 shares in the last quarter. Round Rock Advisors LLC acquired a new position in Sixth Street Specialty Lending in the fourth quarter worth about $1,789,000. Raymond James Financial Inc. acquired a new position in Sixth Street Specialty Lending in the fourth quarter worth about $17,488,000. Baillie Gifford & Co. grew its stake in Sixth Street Specialty Lending by 72.5% in the fourth quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider’s stock worth $6,527,000 after purchasing an additional 128,763 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new position in Sixth Street Specialty Lending in the fourth quarter worth about $329,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSLX. Wells Fargo & Company cut their target price on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada raised their target price on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Raymond James cut their target price on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $22.81.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX opened at $23.03 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $21.24 and a 200-day simple moving average of $21.48. The company has a market cap of $2.16 billion, a PE ratio of 11.34 and a beta of 0.82. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $113.92 billion during the quarter, compared to the consensus estimate of $116.70 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 8.9%. Sixth Street Specialty Lending’s dividend payout ratio is presently 97.35%.

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.