Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC boosted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 7.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,645 shares of the financial services provider’s stock after purchasing an additional 1,445 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Sixth Street Specialty Lending were worth $461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Trust Co. of Vermont acquired a new stake in Sixth Street Specialty Lending during the fourth quarter valued at $39,000. First Horizon Advisors Inc. grew its holdings in Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 465 shares during the period. Quarry LP grew its holdings in Sixth Street Specialty Lending by 378.3% in the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 3,238 shares during the period. EMC Capital Management grew its holdings in Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 3,242 shares during the period. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in Sixth Street Specialty Lending in the fourth quarter valued at approximately $207,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Trading Up 2.0 %

Shares of Sixth Street Specialty Lending stock opened at $22.67 on Friday. The stock’s 50 day simple moving average is $22.17 and its 200-day simple moving average is $21.27. The stock has a market cap of $2.12 billion, a P/E ratio of 11.17 and a beta of 1.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX) last released 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. The company had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. Analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a $0.07 dividend. This represents a yield of 6.99%. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. The ex-dividend date is Friday, February 28th. Sixth Street Specialty Lending’s payout ratio is presently 90.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TSLX shares. JPMorgan Chase & Co. boosted their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Wells Fargo & Company raised their price target on shares of 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. Truist Financial boosted their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods raised their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada lifted 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 analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

Sixth Street Specialty Lending 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.