Canton Hathaway LLC Buys Shares of 15,450 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Canton Hathaway LLC 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,450 shares of the financial services provider’s stock, valued at approximately $329,000.

A number of other large investors also recently made changes to their positions in TSLX. Trust Co. of Vermont purchased a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth $39,000. First Horizon Advisors Inc. lifted its stake in shares of Sixth Street Specialty Lending by 25.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 465 shares during the period. Quarry LP lifted its stake 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. EMC Capital Management raised its position in shares of Sixth Street Specialty Lending by 92.5% in the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after buying an additional 3,242 shares during the period. Finally, Robertson Stephens Wealth Management LLC purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $207,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Down 0.0 %

NYSE:TSLX opened at $23.47 on Tuesday. The business’s 50-day moving average is $21.80 and its two-hundred day moving average is $21.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $23.66. The firm has a market capitalization of $2.20 billion, a PE ratio of 11.56 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last announced 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 during the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. Research analysts predict 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 firm also recently announced a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a dividend yield of 7.06%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 90.64%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their target price on 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. Finally, Truist Financial increased their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.79.

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.