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

First National Trust Co lifted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 83.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 214,770 shares of the financial services provider’s stock after purchasing an additional 97,848 shares during the period. First National Trust Co owned 0.23% of Sixth Street Specialty Lending worth $4,575,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TSLX. Trust Co. of Vermont acquired a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at $39,000. First Horizon Advisors Inc. lifted its stake in shares of Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 465 shares during the period. Quarry LP lifted its stake in shares of Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 3,238 shares during the period. EMC Capital Management lifted its stake in shares of Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 3,242 shares during the period. Finally, Robertson Stephens Wealth Management LLC acquired a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at $207,000. Institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSLX. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods increased their target price 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. Truist Financial increased their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada increased their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

Sixth Street Specialty Lending Trading Down 1.1 %

NYSE TSLX opened at $21.93 on Friday. The firm has a market cap of $2.05 billion, a P/E ratio of 10.80 and a beta of 1.08. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The stock’s 50-day moving average is $22.24 and its 200-day moving average is $21.31. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. Sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a $0.07 dividend. This represents a yield of 6.99%. The ex-dividend date is Friday, February 28th. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 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.