Advisor Group Holdings Inc. reduced its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Rating) by 36.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,055 shares of the financial services provider's stock after selling 22,235 shares during the period. Advisor Group Holdings Inc. owned 0.05% of Sixth Street Specialty Lending worth $592,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allworth Financial LP bought a new position in Sixth Street Specialty Lending during the 1st quarter worth $26,000. UMB Bank N A MO bought a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth about $40,000. Nauset Wealth Management. LLC bought a new position in shares of Sixth Street Specialty Lending in the 1st quarter worth about $71,000. Lindbrook Capital LLC raised its position in shares of Sixth Street Specialty Lending by 302.2% in the 1st quarter. Lindbrook Capital LLC now owns 4,022 shares of the financial services provider's stock worth $94,000 after acquiring an additional 3,022 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. raised its position in shares of Sixth Street Specialty Lending by 72.5% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 8,820 shares of the financial services provider's stock worth $205,000 after acquiring an additional 3,708 shares in the last quarter. 47.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TSLX shares. Hovde Group lowered their price objective on Sixth Street Specialty Lending to $21.00 in a research report on Friday, May 20th. TheStreet lowered Sixth Street Specialty Lending from a "b-" rating to a "c" rating in a research report on Thursday, August 11th. Finally, Raymond James reduced their target price on Sixth Street Specialty Lending from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.38.

Sixth Street Specialty Lending Stock Performance

Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $63.89 million during the quarter, compared to the consensus estimate of $69.95 million. Sixth Street Specialty Lending had a return on equity of 12.98% and a net margin of 44.20%. On average, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 1.95 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.68 dividend on an annualized basis and a yield of 8.74%. This is an increase from Sixth Street Specialty Lending's previous quarterly dividend of $0.41. Sixth Street Specialty Lending's payout ratio is 100.61%.

Sixth Street Specialty Lending Company Profile

(Get Rating)

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.

See Also

• Get a free copy of the StockNews.com research report on Sixth Street Specialty Lending (TSLX)
• Why Trading Volume is Unusually High on These 3 Stocks
• Can NetApp Resume Its Rally After Strong Earnings Guidance?
• Three Reasons Why Medtronic Stock can be a Recession Winner
• Rivian Rising to the Challenge
• 3 Deflation Enablers Stocks that Can Thrive in a Recession

Want to see what other hedge funds are holding TSLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Rating).

Receive News & Ratings for Sixth Street Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sixth Street Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.