Global Retirement Partners LLC Trims Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Global Retirement Partners LLC cut its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 67.0% in the fourth quarter, HoldingsChannel reports. The firm owned 14,284 shares of the financial services provider’s stock after selling 29,009 shares during the period. Global Retirement Partners LLC’s holdings in Sixth Street Specialty Lending were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new stake in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $39,000. Quarry LP boosted its holdings in Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,238 shares in the last quarter. EMC Capital Management grew its position in Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock valued at $144,000 after buying an additional 3,242 shares during the period. Robertson Stephens Wealth Management LLC purchased a new position in Sixth Street Specialty Lending in the fourth quarter valued at $207,000. Finally, Essex Financial Services Inc. purchased a new position in Sixth Street Specialty Lending in the fourth quarter valued at $387,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSLX has been the topic of several recent analyst reports. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Truist Financial increased their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.79.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $23.47 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The stock’s 50 day simple moving average is $21.80 and its 200-day simple moving average is $21.14. The company has a market cap of $2.20 billion, a PE ratio of 11.56 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 $23.66.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The company had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. As a group, equities research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a yield of 7.06%. Sixth Street Specialty Lending’s payout ratio is presently 90.64%.

Sixth Street Specialty Lending Company 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.