Captrust Financial Advisors Sells 4,736 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Captrust Financial Advisors trimmed its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.5% during the fourth quarter, HoldingsChannel reports. The fund owned 82,090 shares of the financial services provider’s stock after selling 4,736 shares during the quarter. Captrust Financial Advisors’ holdings in Sixth Street Specialty Lending were worth $1,749,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TSLX. Trust Co. of Vermont acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $39,000. First Horizon Advisors Inc. lifted its position in shares of Sixth Street Specialty Lending by 25.3% in 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. Signaturefd LLC lifted its position in shares of Sixth Street Specialty Lending by 13.3% in the 4th 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 period. Atlas Capital Advisors Inc. acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $109,000. Finally, EMC Capital Management lifted 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 purchasing an additional 3,242 shares during the period. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Stock Performance

TSLX opened at $21.81 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The company’s fifty day moving average price is $21.23 and its two-hundred day moving average price is $21.41. 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 market cap of $2.05 billion, a price-to-earnings ratio of 10.75 and a beta of 0.82.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The firm had revenue of $113.92 billion for the quarter, compared to the consensus estimate of $116.70 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a yield of 8.9%. Sixth Street Specialty Lending’s payout ratio is 97.35%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSLX. 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. Keefe, Bruyette & Woods boosted their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their target price on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Truist Financial boosted their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.79.

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.