First National Trust Co Buys 69,348 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 145.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,922 shares of the financial services provider's stock after purchasing an additional 69,348 shares during the period. First National Trust Co owned approximately 0.13% of Sixth Street Specialty Lending worth $2,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSLX. EntryPoint Capital LLC bought a new position in Sixth Street Specialty Lending in the 1st quarter valued at approximately $35,000. nVerses Capital LLC bought a new position in Sixth Street Specialty Lending in the 2nd quarter valued at approximately $70,000. Ridgewood Investments LLC bought a new position in Sixth Street Specialty Lending in the 2nd quarter valued at approximately $77,000. Future Financial Wealth Managment LLC bought a new position in Sixth Street Specialty Lending in the 3rd quarter valued at approximately $86,000. Finally, Atlas Capital Advisors LLC bought a new position in Sixth Street Specialty Lending in the 2nd quarter valued at approximately $109,000. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Up 0.1 %

Sixth Street Specialty Lending stock traded up $0.02 during trading hours on Wednesday, reaching $20.40. 285,342 shares of the company's stock were exchanged, compared to its average volume of 351,793. The firm has a market capitalization of $1.90 billion, a PE ratio of 9.90 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.50 and a twelve month high of $22.35. The firm's 50 day simple moving average is $20.60 and its 200 day simple moving average is $21.04. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same period in the prior year, the firm earned $0.60 earnings per share. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.32 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a $0.05 dividend. This represents a yield of 9.1%. The ex-dividend date is Friday, November 29th. Sixth Street Specialty Lending's payout ratio is currently 89.32%.

Analyst Ratings Changes

Several brokerages recently commented on TSLX. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price target for the company in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Finally, Wells Fargo & Company decreased their price target on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of "Buy" and a consensus price target of $22.00.

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.