MGO One Seven LLC Raises Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

MGO One Seven LLC raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 10.7% during the fourth quarter, HoldingsChannel reports. The firm owned 394,394 shares of the financial services provider’s stock after buying an additional 38,240 shares during the period. MGO One Seven LLC’s holdings in Sixth Street Specialty Lending were worth $8,401,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Trust Co. of Vermont purchased a new stake in Sixth Street Specialty Lending during the 4th quarter valued at approximately $39,000. First Horizon Advisors Inc. increased its holdings in shares of Sixth Street Specialty Lending by 25.3% in the fourth 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 during the period. Signaturefd LLC raised its stake in shares of Sixth Street Specialty Lending by 13.3% during the fourth 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 last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the fourth quarter worth $109,000. Finally, EMC Capital Management grew its position in 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 valued at $144,000 after buying an additional 3,242 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company increased their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. 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 note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods lifted their price target 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.17.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $20.35 on Wednesday. The business has a 50 day moving average price of $21.85 and a 200 day moving average price of $21.37. The company has a market capitalization of $1.91 billion, a P/E ratio of 10.02 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $23.67. 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 (NYSE:TSLX) last released its quarterly earnings results 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. The business 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%. Sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.07 per share. This represents a dividend yield of 6.99%. This is a boost 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 (DPR) 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.