Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by TrueMark Investments LLC

TrueMark Investments LLC raised its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 38.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 217,155 shares of the financial services provider’s stock after purchasing an additional 60,119 shares during the period. Sixth Street Specialty Lending comprises approximately 1.5% of TrueMark Investments LLC’s portfolio, making the stock its 27th biggest holding. TrueMark Investments LLC’s holdings in Sixth Street Specialty Lending were worth $4,625,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in Sixth Street Specialty Lending in the 4th quarter valued at about $39,000. First Horizon Advisors Inc. lifted its holdings in shares of Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 465 shares in the last quarter. Quarry LP grew its position in shares of 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 valued at $84,000 after purchasing an additional 3,238 shares during the last quarter. Signaturefd LLC increased its stake in shares of Sixth Street Specialty Lending by 13.3% during the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 550 shares in the last quarter. Finally, EMC Capital Management raised its position in shares of Sixth Street Specialty Lending by 92.5% during the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 3,242 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $22.60 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.13 and a beta of 1.08. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $23.67. The company has a 50 day moving average price of $22.42 and a 200 day moving average price of $21.37.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping 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 business had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a dividend of $0.07 per share. This represents a yield of 6.99%. The ex-dividend date was 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 is 90.64%.

Sixth Street Specialty Lending 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.