Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLXFree Report) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,875 shares of the financial services provider’s stock after selling 50,205 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.28% of Sixth Street Specialty Lending worth $5,376,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC purchased a new stake in Sixth Street Specialty Lending during the third quarter valued at about $33,000. Coppell Advisory Solutions Corp. bought a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $42,000. Coppell Advisory Solutions LLC bought a new position in shares of Sixth Street Specialty Lending during the second quarter valued at approximately $45,000. Credit Suisse AG bought a new position in shares of Sixth Street Specialty Lending during the second quarter valued at approximately $85,000. Finally, Signaturefd LLC grew its holdings in Sixth Street Specialty Lending by 19.3% in the 3rd quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider’s stock worth $89,000 after buying an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX opened at $21.02 on Wednesday. Sixth Street Specialty Lending, Inc. has a 1 year low of $17.31 and a 1 year high of $22.35. The firm has a 50 day moving average of $21.45 and a 200-day moving average of $20.95. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $1.85 billion, a P/E ratio of 8.08 and a beta of 1.04.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last posted its earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Sixth Street Specialty Lending had a net margin of 50.69% and a return on equity of 13.67%. The company had revenue of $119.50 million during the quarter, compared to analysts’ expectations of $115.18 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. As a group, sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.36 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 70.77%.

Analyst Ratings Changes

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

Get Our Latest Stock Report on TSLX

About Sixth Street Specialty Lending

(Free Report)

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.

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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