Short Interest in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Expands By 27.6%

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,710,000 shares, an increase of 27.6% from the February 28th total of 1,340,000 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 387,800 shares, the short-interest ratio is currently 4.4 days.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several large investors have recently modified their holdings of TSLX. Ameriflex Group Inc. acquired a new position in Sixth Street Specialty Lending in the fourth quarter valued at about $27,000. Trust Co. of Vermont acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $39,000. First Horizon Advisors Inc. lifted its holdings in shares of Sixth Street Specialty Lending by 25.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 465 shares during the last quarter. Quarry LP boosted its position in shares of Sixth Street Specialty Lending by 378.3% during the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,238 shares during the period. Finally, Signaturefd LLC increased its holdings in Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Up 0.2 %

NYSE TSLX opened at $22.39 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending has a 52 week low of $19.50 and a 52 week high of $23.67. The business’s fifty day simple moving average is $22.49 and its 200-day simple moving average is $21.41. The firm has a market cap of $2.10 billion, a PE ratio of 11.03 and a beta of 1.08.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 net margin of 38.67% and a return on equity of 13.47%. As a group, equities analysts anticipate that Sixth Street Specialty Lending will post 2.19 earnings per share for the current 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 given a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a yield of 6.99%. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s payout ratio is currently 90.64%.

Wall Street Analysts Forecast Growth

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

About Sixth Street Specialty Lending

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.