Stratos Wealth Partners LTD. Makes New $265,000 Investment in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Stratos Wealth Partners LTD. acquired a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,249 shares of the financial services provider’s stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of Sixth Street Specialty Lending by 3,860.0% in the fourth quarter. International Assets Investment Management LLC now owns 23,760 shares of the financial services provider’s stock worth $513,000 after buying an additional 23,160 shares in the last quarter. Riverbridge Partners LLC lifted its stake in shares of Sixth Street Specialty Lending by 0.9% in the fourth quarter. Riverbridge Partners LLC now owns 66,752 shares of the financial services provider’s stock worth $1,442,000 after buying an additional 614 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its stake in shares of Sixth Street Specialty Lending by 1.5% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 48,998 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 705 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Sixth Street Specialty Lending by 86.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 87,873 shares of the financial services provider’s stock worth $1,898,000 after buying an additional 40,632 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its stake in shares of Sixth Street Specialty Lending by 25.8% in the fourth quarter. Mirador Capital Partners LP now owns 36,074 shares of the financial services provider’s stock worth $779,000 after buying an additional 7,403 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Down 0.2 %

TSLX opened at $20.71 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.19. Sixth Street Specialty Lending, Inc. has a 1-year low of $17.31 and a 1-year high of $22.35. The company has a market capitalization of $1.91 billion, a PE ratio of 7.96 and a beta of 1.04. The firm’s 50 day simple moving average is $21.23 and its two-hundred day simple moving average is $21.02.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. Sixth Street Specialty Lending had a net margin of 50.69% and a return on equity of 13.67%. The business had revenue of $119.50 million for the quarter, compared to the consensus estimate of $115.18 million. During the same period last year, the firm earned $0.65 earnings per share. As a group, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.35 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 1.55%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 70.77%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSLX. Truist Financial upped their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. JMP Securities restated a “market outperform” rating and set a $22.50 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Royal Bank of Canada increased their price objective on shares of 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. Finally, Wells Fargo & Company increased their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and an average target price of $22.60.

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.