Sargent Investment Group LLC Has $937,000 Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Sargent Investment Group LLC lessened its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 36.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,400 shares of the financial services provider’s stock after selling 25,000 shares during the quarter. Sargent Investment Group LLC’s holdings in Sixth Street Specialty Lending were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Community Bank N.A. increased its holdings in shares of Sixth Street Specialty Lending by 50.0% during the 4th quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. BluePath Capital Management LLC bought a new position in Sixth Street Specialty Lending during the third quarter worth $33,000. Signaturefd LLC increased its holdings in shares of Sixth Street Specialty Lending by 19.3% in the third quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 707 shares during the last quarter. Precision Wealth Strategies LLC bought a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $205,000. Finally, Worth Asset Management LLC raised its position in shares of Sixth Street Specialty Lending by 14.6% in the fourth quarter. Worth Asset Management LLC now owns 12,005 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 1,529 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TSLX shares. JMP Securities reaffirmed a “market outperform” rating and set a $22.50 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, March 26th. Royal Bank of Canada increased their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Truist Financial boosted their price target on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company increased their price objective on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.60.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX traded up $0.55 during mid-day trading on Friday, hitting $21.68. 473,585 shares of the company’s stock were exchanged, compared to its average volume of 354,734. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.19. Sixth Street Specialty Lending, Inc. has a 52 week low of $17.31 and a 52 week high of $22.35. The stock’s 50-day simple moving average is $21.15 and its 200-day simple moving average is $21.08. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 8.34 and a beta of 1.04.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $119.50 million for the quarter, compared to the consensus estimate of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.35 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.48%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 70.77%.

Sixth Street Specialty Lending Company 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.