Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 12.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 355,434 shares of the financial services provider's stock after buying an additional 40,330 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.38% of Sixth Street Specialty Lending worth $7,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Private Advisor Group LLC boosted its stake in shares of Sixth Street Specialty Lending by 26.8% during the third quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 5,398 shares during the period. Legacy Capital Wealth Partners LLC increased its holdings in Sixth Street Specialty Lending by 98.6% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider's stock worth $2,971,000 after purchasing an additional 71,849 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Sixth Street Specialty Lending by 5.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 572,480 shares of the financial services provider's stock valued at $12,222,000 after purchasing an additional 29,365 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Sixth Street Specialty Lending by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider's stock worth $47,117,000 after buying an additional 141,463 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of Sixth Street Specialty Lending by 6.6% during the second quarter. 1832 Asset Management L.P. now owns 1,279,000 shares of the financial services provider's stock valued at $27,307,000 after buying an additional 79,000 shares during the period. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 0.2 %

Shares of TSLX stock traded up $0.05 during trading hours on Tuesday, reaching $20.55. 214,340 shares of the company's stock were exchanged, compared to its average volume of 349,669. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $22.35. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.92 billion, a PE ratio of 9.98 and a beta of 1.06. The stock's fifty day moving average price is $20.54 and its two-hundred day moving average price is $21.01.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 quarter in the prior year, the business posted $0.60 EPS. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.05 per share. This represents a yield of 9.1%. The ex-dividend date of this dividend is Monday, December 16th. Sixth Street Specialty Lending's dividend payout ratio is currently 89.32%.

Analyst Ratings Changes

Several brokerages have issued reports on TSLX. Wells Fargo & Company dropped their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada restated an "outperform" rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Keefe, Bruyette & Woods cut their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $22.00.

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.