Cerity Partners LLC Grows Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Cerity Partners LLC boosted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 25.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,868 shares of the financial services provider’s stock after purchasing an additional 108,044 shares during the period. Cerity Partners LLC owned about 0.61% of Sixth Street Specialty Lending worth $11,553,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. BluePath Capital Management LLC purchased a new position in Sixth Street Specialty Lending during the third quarter worth $33,000. Coppell Advisory Solutions Corp. purchased a new position in Sixth Street Specialty Lending during the fourth quarter worth $42,000. Coppell Advisory Solutions LLC purchased a new position in Sixth Street Specialty Lending during the second quarter worth $45,000. Credit Suisse AG purchased a new position in Sixth Street Specialty Lending during the second quarter worth $85,000. Finally, Signaturefd LLC increased its position in Sixth Street Specialty Lending by 19.3% during the third 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. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TSLX shares. Royal Bank of Canada lifted their price objective 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. Truist Financial lifted their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Wells Fargo & Company lifted their price objective on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.50 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.60.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock opened at $20.75 on Monday. Sixth Street Specialty Lending, Inc. has a twelve month low of $17.31 and a twelve month high of $22.35. The stock has a market capitalization of $1.91 billion, a P/E ratio of 7.98 and a beta of 1.04. 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 business’s fifty day moving average price is $21.24 and its 200 day moving average price is $21.01.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $119.50 million for the quarter, compared to analysts’ expectations of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.35 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s payout ratio is currently 70.77%.

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.