Advisors Capital Management LLC increased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Free Report) by 4.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 746,726 shares of the financial services provider’s stock after purchasing an additional 28,388 shares during the period. Advisors Capital Management LLC’s holdings in Sixth Street Specialty Lending were worth $17,070,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. MTM Investment Management LLC acquired a new position in Sixth Street Specialty Lending during the second quarter valued at approximately $49,000. First Horizon Advisors Inc. increased its stake in shares of Sixth Street Specialty Lending by 74.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,753 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at $98,000. MAI Capital Management raised its holdings in shares of Sixth Street Specialty Lending by 83.5% during the 2nd quarter. MAI Capital Management now owns 4,264 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,940 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Sixth Street Specialty Lending by 604.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,700 shares of the financial services provider’s stock worth $107,000 after buying an additional 4,033 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.
Analysts Set New Price Targets
TSLX has been the subject of several research analyst reports. Royal Bank Of Canada lowered their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Citizens Jmp reiterated a “market outperform” rating and set a $25.00 price objective on shares of Sixth Street Specialty Lending in a research report on Wednesday. Truist Financial dropped their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday. Wells Fargo & Company decreased their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $22.50.
Key Headlines Impacting Sixth Street Specialty Lending
Here are the key news stories impacting Sixth Street Specialty Lending this week:
- Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and set a $25.00 price target (roughly a 30% upside from the recent price), giving a clear bullish signal that likely helped buying interest. Benzinga
- Positive Sentiment: Keefe, Bruyette & Woods cut their target slightly (from $23 to $22) but maintained an “outperform” rating, indicating continued conviction in TSLX’s upside despite trimming valuation. Benzinga
- Positive Sentiment: Truist trimmed its price target (from $24 to $22) but kept a “buy” rating, another supportive vote from the sell-side that may underpin demand. Benzinga
- Positive Sentiment: Analyst/market commentary defending TSLX (e.g., Seeking Alpha piece arguing recent weakness is more valuation-driven than fundamental) may reassure investors and reduce downside selling. Sixth Street Specialty: Far From The Beginning Of The End
- Neutral Sentiment: JPMorgan lowered its price target from $23 to $21 and moved to a “neutral” rating — a mixed signal that reduces some upside expectations but stops short of a sell call. Benzinga TickerReport
- Negative Sentiment: Coverage noting TSLX weakness and relative underperformance (e.g., articles highlighting lows vs. NYSE comps) contributes to bearish sentiment and may increase selling pressure among short-term holders. Sixth Street Specialty Lending (NYSE:TSLX) Lows as NYSE Comp.
Sixth Street Specialty Lending Price Performance
Shares of NYSE TSLX opened at $19.24 on Thursday. The company has a market capitalization of $1.82 billion, a PE ratio of 10.63 and a beta of 0.70. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.51 and a twelve month high of $25.17. The firm has a fifty day simple moving average of $21.43 and a 200 day simple moving average of $22.30.
Sixth Street Specialty Lending (NYSE:TSLX – Get Free Report) last announced its earnings results on Thursday, February 12th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $108.25 million for the quarter, compared to analyst estimates of $107.11 million. Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.During the same quarter in the prior year, the company earned $0.61 EPS. On average, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.
Sixth Street Specialty Lending Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, March 16th. Sixth Street Specialty Lending’s payout ratio is currently 101.66%.
About Sixth Street Specialty Lending
Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.
As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.
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