Keefe, Bruyette & Woods Boosts Sixth Street Specialty Lending (NYSE:TSLX) Price Target to $23.00

Sixth Street Specialty Lending (NYSE:TSLX - Free Report) had its price target hoisted by Keefe, Bruyette & Woods from $21.50 to $23.00 in a report published on Tuesday,Benzinga reports. They currently have an outperform rating on the financial services provider's stock.

TSLX has been the subject of a number of other research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company increased their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.79.

Sixth Street Specialty Lending Stock Up 1.8 %

NYSE TSLX traded up $0.43 on Tuesday, hitting $23.50. 2,303,057 shares of the stock were exchanged, compared to its average volume of 365,703. The company has a 50-day moving average price of $21.70 and a 200-day moving average price of $21.08. Sixth Street Specialty Lending has a fifty-two week low of $19.50 and a fifty-two week high of $23.66. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The company has a market cap of $2.20 billion, a PE ratio of 11.57 and a beta of 1.06.

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

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 7.06%. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio is presently 90.64%.

Institutional Trading of Sixth Street Specialty Lending

Several hedge funds and other institutional investors have recently made changes to their positions in TSLX. Trust Co. of Vermont acquired a new stake in Sixth Street Specialty Lending in the fourth quarter valued at about $39,000. First Horizon Advisors Inc. raised its stake in shares of Sixth Street Specialty Lending by 25.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock worth $49,000 after buying an additional 465 shares in the last quarter. Quarry LP raised its stake in shares of Sixth Street Specialty Lending by 378.3% during the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock worth $84,000 after buying an additional 3,238 shares in the last quarter. Signaturefd LLC raised its stake in shares of Sixth Street Specialty Lending by 13.3% during the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock worth $100,000 after buying an additional 550 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $109,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

About Sixth Street Specialty Lending

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.