Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by Platform Technology Partners

Platform Technology Partners grew its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,925 shares of the financial services provider’s stock after purchasing an additional 980 shares during the quarter. Platform Technology Partners’ holdings in Sixth Street Specialty Lending were worth $616,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cornerstone Wealth Management LLC boosted its position in shares of Sixth Street Specialty Lending by 1.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider’s stock valued at $984,000 after acquiring an additional 621 shares during the last quarter. Confluence Investment Management LLC raised its stake in Sixth Street Specialty Lending by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider’s stock worth $5,350,000 after purchasing an additional 1,273 shares during the period. Barnett & Company Inc. raised its stake in Sixth Street Specialty Lending by 4.7% during the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 1,300 shares during the period. Sanctuary Advisors LLC boosted its holdings in Sixth Street Specialty Lending by 6.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 1,441 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on TSLX shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Wells Fargo & Company upped their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, November 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $22.33.

Sixth Street Specialty Lending Trading Down 0.0 %

TSLX opened at $22.14 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The firm has a market cap of $2.07 billion, a P/E ratio of 10.75 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.47. The business has a fifty day simple moving average of $21.47 and a 200-day simple moving average of $20.97.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $119.22 million during the quarter, compared to analysts’ expectations of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same period last year, the business posted $0.60 EPS. On average, equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a $0.05 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, November 29th. Sixth Street Specialty Lending’s payout ratio is 89.32%.

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.