Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives Average Rating of "Buy" from Brokerages

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.00.

A number of equities research analysts have weighed in on TSLX shares. Wells Fargo & Company decreased their price objective on 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 research report on Tuesday, November 12th. Keefe, Bruyette & Woods lowered their price target on 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. Finally, LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a report on Wednesday, November 6th.

Institutional Trading of Sixth Street Specialty Lending

Several large investors have recently made changes to their positions in the business. nVerses Capital LLC acquired a new position in Sixth Street Specialty Lending during the 2nd quarter valued at about $70,000. Quarry LP increased its stake in 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 purchasing an additional 3,238 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Sixth Street Specialty Lending during the 3rd quarter worth approximately $86,000. Atlas Capital Advisors LLC acquired a new stake in shares of Sixth Street Specialty Lending during the second quarter worth $109,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter valued at about $196,000. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock traded up $0.04 during mid-day trading on Friday, reaching $21.14. The stock had a trading volume of 209,980 shares, compared to its average volume of 344,561. Sixth Street Specialty Lending has a one year low of $19.50 and a one year high of $22.35. The firm has a market cap of $1.97 billion, a PE ratio of 10.26 and a beta of 1.06. The firm's 50 day simple moving average is $20.80 and its 200 day simple moving average is $20.93. 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 EPS for the quarter, hitting the consensus estimate of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The firm had revenue of $119.22 million during the quarter, compared to analysts' expectations of $119.85 million. During the same period last year, the business earned $0.60 earnings per share. On average, analysts forecast that Sixth Street Specialty Lending will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were given a $0.05 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 7.59%. Sixth Street Specialty Lending's payout ratio is 89.32%.

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.