Atlas Capital Advisors Inc. Buys New Shares in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Atlas Capital Advisors Inc. purchased a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,115 shares of the financial services provider’s stock, valued at approximately $109,000.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $39,000. First Horizon Advisors Inc. lifted its stake 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 valued at $49,000 after purchasing an additional 465 shares in the last quarter. Quarry LP lifted its stake in shares of Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 3,238 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Sixth Street Specialty Lending by 13.3% during the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 550 shares during the period. Finally, EMC Capital Management increased its position in Sixth Street Specialty Lending by 92.5% during the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 3,242 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSLX. Royal Bank of Canada boosted their price objective on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company raised their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their target price on 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. Finally, 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 report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.17.

Sixth Street Specialty Lending Stock Down 6.9 %

Shares of 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. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $23.67. The stock’s 50-day simple moving average is $22.47 and its 200-day simple moving average is $21.43. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 10.02 and a beta of 0.88.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.07 per share. This represents a yield of 6.99%. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. The ex-dividend date was Friday, February 28th. Sixth Street Specialty Lending’s dividend payout ratio is 90.64%.

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.