TrueMark Investments LLC Increases Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

TrueMark Investments LLC raised its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 38.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,155 shares of the financial services provider’s stock after acquiring an additional 60,119 shares during the period. Sixth Street Specialty Lending accounts for approximately 1.5% of TrueMark Investments LLC’s portfolio, making the stock its 27th largest position. TrueMark Investments LLC owned approximately 0.23% of Sixth Street Specialty Lending worth $4,625,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of Sixth Street Specialty Lending by 7.1% in 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 boosted its holdings in shares of Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 550 shares during the period. Corient Private Wealth LLC grew its position in shares of Sixth Street Specialty Lending by 37.6% during the fourth quarter. Corient Private Wealth LLC now owns 38,464 shares of the financial services provider’s stock worth $819,000 after acquiring an additional 10,508 shares during the last quarter. First National Trust Co increased its holdings in shares of Sixth Street Specialty Lending by 83.7% in the 4th quarter. First National Trust Co now owns 214,770 shares of the financial services provider’s stock valued at $4,575,000 after acquiring an additional 97,848 shares during the period. Finally, Truvestments Capital LLC raised its position in Sixth Street Specialty Lending by 7.9% in the 4th quarter. Truvestments Capital LLC now owns 127,065 shares of the financial services provider’s stock valued at $2,706,000 after purchasing an additional 9,274 shares during 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 $22.60 on Wednesday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.13 and a beta of 1.08. The business’s 50 day moving average is $22.42 and its two-hundred day moving average is $21.37. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $23.67. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18.

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, topping 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 firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

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

Analyst Ratings Changes

TSLX has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company raised their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Truist Financial upped their price objective on 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. Keefe, Bruyette & Woods lifted their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada upped their price target on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.07.

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.