Significant Wealth Partners LLC Invests $417,000 in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Significant Wealth Partners LLC bought a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 19,328 shares of the financial services provider’s stock, valued at approximately $417,000.

Other institutional investors also recently modified their holdings of the company. BluePath Capital Management LLC acquired a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at approximately $33,000. Signaturefd LLC grew its position in shares of Sixth Street Specialty Lending by 19.3% in the 3rd quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 707 shares during the period. Worth Asset Management LLC grew its position in shares of Sixth Street Specialty Lending by 14.6% in the 4th quarter. Worth Asset Management LLC now owns 12,005 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 1,529 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $265,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at approximately $305,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSLX. Royal Bank of Canada boosted their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. JMP Securities restated a “market outperform” rating and issued a $22.50 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Wells Fargo & Company boosted 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, Truist Financial boosted their target price on 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and a consensus target price of $22.60.

Sixth Street Specialty Lending Trading Up 2.0 %

NYSE TSLX opened at $21.33 on Tuesday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 8.20 and a beta of 1.04. The stock’s 50 day moving average price is $21.17 and its two-hundred day moving average price is $21.05. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.66 and a current ratio of 1.66. Sixth Street Specialty Lending, Inc. has a 52 week low of $17.31 and a 52 week high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data 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. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. The company had revenue of $119.50 million for the quarter, compared to analysts’ expectations of $115.18 million. During the same quarter in the prior year, the business posted $0.65 EPS. As a group, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.35 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s dividend payout ratio is currently 70.77%.

About Sixth Street Specialty Lending

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.