US Bancorp DE Sells 1,170 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

US Bancorp DE cut its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,180 shares of the financial services provider’s stock after selling 1,170 shares during the quarter. US Bancorp DE’s holdings in Sixth Street Specialty Lending were worth $517,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Sixth Street Specialty Lending in the first quarter valued at about $35,000. nVerses Capital LLC bought a new position in Sixth Street Specialty Lending during the second quarter worth about $70,000. Ridgewood Investments LLC bought a new position in Sixth Street Specialty Lending during the second quarter worth about $77,000. Future Financial Wealth Managment LLC bought a new position in Sixth Street Specialty Lending during the third quarter worth about $86,000. Finally, Atlas Capital Advisors LLC bought a new position in Sixth Street Specialty Lending during the second quarter worth about $109,000. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Trading Up 0.3 %

TSLX opened at $20.38 on Tuesday. The company’s 50 day moving average is $20.64 and its 200-day moving average is $21.06. 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 1.90 and a debt-to-equity ratio of 1.17. The company has a market cap of $1.90 billion, a P/E ratio of 9.89 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The company had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same period last year, the company posted $0.60 EPS. Equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSLX shares. Wells Fargo & Company lowered their price target on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods lowered their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Thursday, August 15th. Finally, 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 objective on the stock in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Sixth Street Specialty Lending presently has an average rating of “Buy” and an average target price 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.