Franklin Resources Inc. lifted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 28.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 327,083 shares of the financial services provider's stock after acquiring an additional 72,133 shares during the quarter. Franklin Resources Inc. owned 0.35% of Sixth Street Specialty Lending worth $6,751,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its stake in Sixth Street Specialty Lending by 1.7% in the second quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider's stock worth $788,000 after purchasing an additional 627 shares during the period. IFG Advisory LLC grew its holdings in shares of Sixth Street Specialty Lending by 6.3% in the second quarter. IFG Advisory LLC now owns 17,512 shares of the financial services provider's stock worth $374,000 after purchasing an additional 1,039 shares during the last quarter. Barnett & Company Inc. increased its stake in Sixth Street Specialty Lending by 4.7% in the 3rd quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider's stock worth $596,000 after buying an additional 1,300 shares during the period. Sanctuary Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 6.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider's stock valued at $502,000 after buying an additional 1,441 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Sixth Street Specialty Lending by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,376 shares of the financial services provider's stock valued at $371,000 after buying an additional 1,660 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on TSLX shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods decreased their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company lowered their target price on Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Finally, LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price target on the stock in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $22.00.
Get Our Latest Report on TSLX
Shares of NYSE:TSLX opened at $21.00 on Monday. The company has a market capitalization of $1.96 billion, a PE ratio of 10.19 and a beta of 1.06. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $22.35. The business's fifty day simple moving average is $20.76 and its 200-day simple moving average is $20.94.
Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same quarter in the previous year, the firm earned $0.60 earnings per share. As a group, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 7.59%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 89.32%.
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.
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