Waterloo Capital L.P. Boosts Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Waterloo Capital L.P. raised its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,526 shares of the financial services provider’s stock after acquiring an additional 5,220 shares during the period. Waterloo Capital L.P. owned approximately 0.10% of Sixth Street Specialty Lending worth $1,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLX. First Horizon Advisors Inc. grew its holdings in shares of Sixth Street Specialty Lending by 25.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 465 shares during the period. Signaturefd LLC grew its stake in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after buying an additional 550 shares during the period. Cornerstone Wealth Management LLC increased its position in shares of Sixth Street Specialty Lending by 1.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider’s stock worth $984,000 after acquiring an additional 621 shares in the last quarter. Dearborn Partners LLC raised its stake in shares of Sixth Street Specialty Lending by 1.3% in the 4th quarter. Dearborn Partners LLC now owns 58,768 shares of the financial services provider’s stock valued at $1,252,000 after acquiring an additional 763 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Sixth Street Specialty Lending by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 909 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Down 6.9 %

NYSE:TSLX opened at $20.34 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 10.02 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $23.67. The stock has a 50-day simple moving average of $22.47 and a 200 day simple moving average of $21.43.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating 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 business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. Sell-side 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 firm also recently announced a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.07 per share. This represents a dividend yield of 6.99%. This is a boost from Sixth Street Specialty Lending’s previous dividend of $0.05. The ex-dividend date of this dividend was Friday, February 28th. Sixth Street Specialty Lending’s dividend payout ratio is 90.64%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods upped their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Truist Financial raised their target price 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. Wells Fargo & Company increased their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada raised their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.17.

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.