Clayton Partners LLC Sells 1,011 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Clayton Partners LLC reduced its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,472 shares of the financial services provider’s stock after selling 1,011 shares during the quarter. Sixth Street Specialty Lending makes up 2.5% of Clayton Partners LLC’s portfolio, making the stock its 17th largest holding. Clayton Partners LLC’s holdings in Sixth Street Specialty Lending were worth $3,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in Sixth Street Specialty Lending during the fourth quarter worth $39,000. First Horizon Advisors Inc. raised its stake in Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 465 shares in the last quarter. Quarry LP raised its stake in Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 3,238 shares in the last quarter. EMC Capital Management raised its stake in Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 3,242 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new position in Sixth Street Specialty Lending during the fourth quarter worth $207,000. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $21.79 on Friday. The stock has a 50-day moving average price of $22.25 and a 200 day moving average price of $21.32. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 10.74 and a beta of 1.08. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $123.70 million during the quarter, compared to analyst estimates 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 expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 6.99%. This is a boost from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 90.64%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TSLX. Royal Bank of Canada increased their price objective on 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. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. 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 research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods raised 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and an average price target of $23.07.

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.