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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.17.

Several brokerages have commented on TSLX. Truist Financial boosted their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada lifted their target price on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th.

Institutional Trading of Sixth Street Specialty Lending

Several institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its holdings 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 raised its holdings 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 worth $100,000 after purchasing an additional 550 shares during the period. 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 in the last quarter. Dearborn Partners LLC grew its holdings in shares of Sixth Street Specialty Lending by 1.3% during the 4th 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 during the period. Finally, Parallel Advisors LLC increased its position in Sixth Street Specialty Lending by 4.3% during the 1st quarter. Parallel Advisors LLC now owns 20,708 shares of the financial services provider's stock worth $463,000 after purchasing an additional 848 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Sixth Street Specialty Lending Stock Performance

NYSE TSLX traded down $0.60 during trading on Friday, reaching $19.78. The company's stock had a trading volume of 774,484 shares, compared to its average volume of 358,151. The business's fifty day moving average price is $22.18 and its 200-day moving average price is $21.39. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 9.74 and a beta of 0.88. Sixth Street Specialty Lending has a twelve month low of $18.58 and a twelve month high of $23.67.

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, topping analysts' consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. As a group, analysts anticipate that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were issued a $0.07 dividend. This represents a yield of 6.99%. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. The ex-dividend date was Friday, February 28th. Sixth Street Specialty Lending's payout ratio is presently 90.64%.

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.