Sixth Street Specialty Lending (NYSE:TSLX) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) had its price target raised by Royal Bank of Canada from $23.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Royal Bank of Canada's price target points to a potential upside of 6.26% from the company's current price.

Several other brokerages have also recently issued reports on TSLX. 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. Wells Fargo & Company lifted their target price on 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. Truist Financial lifted their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their target price on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.07.

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Sixth Street Specialty Lending Stock Up 1.5 %

Shares of NYSE TSLX traded up $0.34 during midday trading on Wednesday, hitting $23.53. 373,370 shares of the stock traded hands, compared to its average volume of 377,674. The company has a market cap of $2.20 billion, a PE ratio of 11.59 and a beta of 1.06. Sixth Street Specialty Lending has a one year low of $19.50 and a one year high of $23.66. The business has a 50 day moving average price of $22.01 and a two-hundred day moving average price of $21.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. On average, equities analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $17,488,000. Columbus Macro LLC bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $7,669,000. Progeny 3 Inc. raised its stake in shares of Sixth Street Specialty Lending by 10.6% during the 3rd quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock valued at $46,249,000 after purchasing an additional 215,996 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $4,156,000. Finally, Parkwood LLC bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $3,937,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

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.