Benjamin F. Edwards & Company Inc. Acquires 294,382 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 103,655.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 294,666 shares of the financial services provider’s stock after acquiring an additional 294,382 shares during the quarter. Benjamin F. Edwards & Company Inc. owned 0.34% of Sixth Street Specialty Lending worth $6,365,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Melia Wealth LLC purchased a new stake in Sixth Street Specialty Lending during the 4th quarter valued at about $15,144,000. Allen Investment Management LLC grew its holdings in shares of Sixth Street Specialty Lending by 956.1% in the third quarter. Allen Investment Management LLC now owns 340,760 shares of the financial services provider’s stock worth $6,965,000 after purchasing an additional 308,493 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of 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 buying an additional 158,746 shares during the period. Sound Income Strategies LLC increased its stake in shares of Sixth Street Specialty Lending by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,989,678 shares of the financial services provider’s stock worth $42,977,000 after buying an additional 148,290 shares during the period. Finally, Cerity Partners LLC raised its holdings in Sixth Street Specialty Lending by 25.3% during the 4th quarter. Cerity Partners LLC now owns 534,868 shares of the financial services provider’s stock valued at $11,553,000 after buying an additional 108,044 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Up 0.6 %

Shares of TSLX traded up $0.12 during trading hours on Friday, hitting $21.01. The company had a trading volume of 469,704 shares, compared to its average volume of 411,444. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.47 and a beta of 1.03. The firm has a fifty day moving average price of $21.11 and a 200-day moving average price of $21.12. Sixth Street Specialty Lending, Inc. has a 52-week low of $17.31 and a 52-week high of $22.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.66 and a current ratio of 2.03.

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 for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $119.50 million during the quarter, compared to analyst estimates of $115.18 million. Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. During the same period in the previous year, the business earned $0.65 EPS. On average, equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.35 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, May 31st. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 74.19%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSLX. JMP Securities restated a “market outperform” rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, March 26th. Truist Financial upped their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Royal Bank of Canada lifted their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and an average target price of $22.60.

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.