First National Trust Co Purchases 97,848 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

First National Trust Co raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 214,770 shares of the financial services provider's stock after buying an additional 97,848 shares during the quarter. First National Trust Co owned 0.23% of Sixth Street Specialty Lending worth $4,575,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSLX. Raymond James Financial Inc. acquired a new position in Sixth Street Specialty Lending in the fourth quarter valued at approximately $17,488,000. Columbus Macro LLC bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $7,669,000. Progeny 3 Inc. increased its holdings in shares of Sixth Street Specialty Lending by 10.6% during the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock valued at $46,249,000 after acquiring an additional 215,996 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sixth Street Specialty Lending by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock valued at $24,131,000 after acquiring an additional 162,810 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Sixth Street Specialty Lending by 498.1% during the third quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider's stock valued at $3,976,000 after acquiring an additional 161,295 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on TSLX shares. Keefe, Bruyette & Woods boosted their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Truist Financial boosted their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.07.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX traded up $0.31 during trading on Tuesday, reaching $22.23. The company's stock had a trading volume of 300,433 shares, compared to its average volume of 337,672. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 10.95 and a beta of 1.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a 50 day moving average of $22.27 and a 200-day moving average of $21.32. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The firm 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%. Research 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 will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be paid a $0.07 dividend. This represents a yield of 6.99%. The ex-dividend date is Friday, February 28th. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio 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.