D.A. Davidson & CO. Buys 8,699 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

D.A. Davidson & CO. lifted its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,316 shares of the financial services provider’s stock after buying an additional 8,699 shares during the period. D.A. Davidson & CO. owned about 0.18% of Sixth Street Specialty Lending worth $3,606,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in Sixth Street Specialty Lending by 72.5% during the fourth quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider’s stock worth $6,527,000 after purchasing an additional 128,763 shares during the period. Van ECK Associates Corp lifted its stake in Sixth Street Specialty Lending by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock worth $50,972,000 after purchasing an additional 103,634 shares during the period. Essex Financial Services Inc. bought a new position in Sixth Street Specialty Lending during the fourth quarter worth about $387,000. Wealthstar Advisors LLC bought a new position in Sixth Street Specialty Lending during the fourth quarter worth about $2,782,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Sixth Street Specialty Lending during the fourth quarter worth about $662,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock opened at $23.06 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $2.16 billion, a P/E ratio of 11.36 and a beta of 1.06. The firm has a 50 day simple moving average of $21.70 and a 200 day simple moving average of $21.08. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $23.15.

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. The business had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. Sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.2 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 7.06%. This is a positive change 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

A number of research analysts have commented on TSLX shares. Truist Financial raised their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods lifted their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price 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. Finally, LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.79.

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.