Benjamin Edwards Inc. Has $744,000 Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Benjamin Edwards Inc. lessened its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,454 shares of the financial services provider’s stock after selling 952 shares during the period. Benjamin Edwards Inc.’s holdings in Sixth Street Specialty Lending were worth $744,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Strs Ohio boosted its stake in Sixth Street Specialty Lending by 2.6% in the fourth quarter. Strs Ohio now owns 3,134,865 shares of the financial services provider’s stock worth $67,713,000 after purchasing an additional 79,180 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Sixth Street Specialty Lending by 1.2% during the third quarter. Burgundy Asset Management Ltd. now owns 1,994,679 shares of the financial services provider’s stock valued at $40,771,000 after purchasing an additional 22,731 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Sixth Street Specialty Lending by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 1,989,678 shares of the financial services provider’s stock valued at $42,977,000 after buying an additional 148,290 shares during the period. Van ECK Associates Corp increased its position in Sixth Street Specialty Lending by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 1,604,944 shares of the financial services provider’s stock worth $34,667,000 after purchasing an additional 158,746 shares during the period. Finally, Callodine Capital Management LP raised its stake in shares of Sixth Street Specialty Lending by 5.6% during the third quarter. Callodine Capital Management LP now owns 1,410,030 shares of the financial services provider’s stock worth $28,821,000 after buying an additional 75,000 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TSLX shares. Truist Financial raised their price objective on shares of 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. JMP Securities reaffirmed a “market outperform” rating and set a $22.50 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. 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. Finally, Royal Bank of Canada raised their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

Sixth Street Specialty Lending Trading Up 0.6 %

NYSE:TSLX traded up $0.11 on Friday, reaching $21.01. The company’s stock had a trading volume of 469,704 shares, compared to its average volume of 411,090. The firm has a market cap of $1.93 billion, a PE ratio of 8.47 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.66 and a current ratio of 1.66. The business’s 50-day moving average price is $21.11 and its two-hundred day moving average price is $21.12. Sixth Street Specialty Lending, Inc. has a 1-year low of $17.31 and a 1-year high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $119.50 million during the quarter, compared to analysts’ expectations of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.98% and a net margin of 47.16%. During the same period in the prior year, the business earned $0.65 EPS. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued 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%.

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.