Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Given Consensus Rating of "Buy" by Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have received a consensus rating of "Buy" from the six research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.00.

Several research analysts have commented on TSLX shares. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. 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 for the company in a research report on Wednesday, November 6th. Wells Fargo & Company decreased 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a report on Thursday, November 7th.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Large investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in Sixth Street Specialty Lending during the second quarter valued at about $70,000. Ridgewood Investments LLC purchased a new stake in Sixth Street Specialty Lending during the 2nd quarter valued at about $77,000. Quarry LP grew its position 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 acquiring an additional 3,238 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Sixth Street Specialty Lending in the 3rd quarter worth approximately $86,000. Finally, Atlas Capital Advisors LLC bought a new stake in Sixth Street Specialty Lending in the second quarter valued at approximately $109,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX traded down $0.05 during midday trading on Monday, hitting $21.43. The company's stock had a trading volume of 492,420 shares, compared to its average volume of 348,621. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 10.40 and a beta of 1.06. 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 fifty day moving average price of $20.54 and a 200 day moving average price of $20.98. Sixth Street Specialty Lending has a one year low of $19.50 and a one year high of $22.35.

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 earnings per share (EPS) 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 business had revenue of $119.22 million for the quarter, compared to analysts' expectations of $119.85 million. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, research analysts forecast that Sixth Street Specialty Lending will post 2.32 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be paid a $0.05 dividend. This represents a yield of 7.59%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio is currently 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.