Wealthstar Advisors LLC Acquires Shares of 130,604 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wealthstar Advisors LLC bought a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 130,604 shares of the financial services provider’s stock, valued at approximately $2,782,000. Sixth Street Specialty Lending makes up approximately 1.2% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 12th largest position. Wealthstar Advisors LLC owned about 0.14% of Sixth Street Specialty Lending as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Co. of Vermont bought a new stake in Sixth Street Specialty Lending in the fourth quarter valued at about $39,000. Quarry LP increased its holdings in shares of Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 3,238 shares during the last quarter. 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 valued at $144,000 after acquiring an additional 3,242 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Sixth Street Specialty Lending during the third quarter worth $196,000. Finally, Robertson Stephens Wealth Management LLC bought a new position in Sixth Street Specialty Lending during the fourth quarter worth $207,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Down 0.0 %

Sixth Street Specialty Lending stock opened at $22.14 on Monday. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $22.47. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.75 and a beta of 1.06. The firm has a 50-day moving average price of $21.48 and a two-hundred day moving average price of $20.97.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 7.59%. Sixth Street Specialty Lending’s dividend payout ratio is presently 89.32%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased 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 report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods cut their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, November 6th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Buy” and an average target price of $22.33.

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.