5,115 Shares in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Purchased by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, Holdings Channel reports. The institutional investor bought 5,115 shares of the financial services provider’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSLX. Franklin Resources Inc. lifted its stake in Sixth Street Specialty Lending by 4.4% in the fourth quarter. Franklin Resources Inc. now owns 341,477 shares of the financial services provider’s stock valued at $7,273,000 after buying an additional 14,394 shares during the last quarter. TrueMark Investments LLC lifted its position in Sixth Street Specialty Lending by 38.3% in the 4th quarter. TrueMark Investments LLC now owns 217,155 shares of the financial services provider’s stock valued at $4,625,000 after purchasing an additional 60,119 shares during the last quarter. LPL Financial LLC boosted its stake in Sixth Street Specialty Lending by 7.1% during the 4th quarter. LPL Financial LLC now owns 573,859 shares of the financial services provider’s stock valued at $12,223,000 after purchasing an additional 38,169 shares during the period. Signaturefd LLC grew its position in Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 550 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Sixth Street Specialty Lending by 37.6% in the 4th quarter. Corient Private Wealth LLC now owns 38,464 shares of the financial services provider’s stock worth $819,000 after purchasing an additional 10,508 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Trading Down 6.9 %

Shares of TSLX stock opened at $20.34 on Friday. The stock has a 50-day simple moving average of $22.47 and a 200 day simple moving average of $21.43. The stock has a market capitalization of $1.90 billion, a P/E ratio of 10.02 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $23.67. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The company had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. On average, sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 6.99%. This is a boost from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio is currently 90.64%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSLX. Wells Fargo & Company boosted their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Truist Financial lifted their price objective on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.17.

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.