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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.64.

Several equities analysts have weighed in on TSLX shares. Wells Fargo & Company lifted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Finally, LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in Sixth Street Specialty Lending by 25.3% in 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 last quarter. Signaturefd LLC lifted its stake in shares of Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 550 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Sixth Street Specialty Lending by 1.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider's stock valued at $984,000 after purchasing an additional 621 shares during the last quarter. Dearborn Partners LLC boosted its holdings in Sixth Street Specialty Lending by 1.3% in the fourth quarter. Dearborn Partners LLC now owns 58,768 shares of the financial services provider's stock worth $1,252,000 after purchasing an additional 763 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Sixth Street Specialty Lending by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider's stock worth $273,000 after buying an additional 909 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Down 0.1 %

Shares of NYSE TSLX traded down $0.02 during mid-day trading on Friday, hitting $22.95. 125,373 shares of the company traded hands, compared to its average volume of 290,005. The business has a 50 day moving average of $21.60 and a two-hundred day moving average of $21.03. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.13 and a beta of 1.06. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $23.15. 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 announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The company had revenue of $123.70 million during the quarter, compared to analysts' expectations of $120.07 million. On average, sell-side analysts anticipate that Sixth Street Specialty Lending will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. This is a positive change from Sixth Street Specialty Lending's previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. Sixth Street Specialty Lending's 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.