Baillie Gifford & Co. Has $6.53 Million Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Baillie Gifford & Co. raised its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 72.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 306,429 shares of the financial services provider’s stock after buying an additional 128,763 shares during the period. Baillie Gifford & Co. owned about 0.33% of Sixth Street Specialty Lending worth $6,527,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Sixth Street Specialty Lending by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock worth $50,972,000 after acquiring an additional 103,634 shares during the last quarter. Essex Financial Services Inc. bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $387,000. Wealthstar Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $2,782,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $662,000. Finally, Platform Technology Partners raised its position in shares of Sixth Street Specialty Lending by 3.5% during the fourth quarter. Platform Technology Partners now owns 28,925 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 980 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLX has been the subject of a number of analyst reports. Truist Financial lifted their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.79.

Sixth Street Specialty Lending Stock Performance

TSLX stock opened at $23.08 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. The stock has a 50-day moving average price of $21.60 and a 200-day moving average price of $21.03. The firm has a market cap of $2.15 billion, a PE ratio of 11.20 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year high of $23.15.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The company had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $120.07 million. As a group, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.21%. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. Sixth Street Specialty Lending’s dividend payout ratio is presently 89.32%.

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.