Sixth Street Specialty Lending (NYSE:TSLX) Price Target Raised to $23.00

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) had its target price increased by equities research analysts at Wells Fargo & Company from $21.00 to $23.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price objective points to a potential upside of 3.51% from the stock's current price.

A number of other research analysts also recently commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of 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. LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Wednesday, November 6th. Finally, 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 report on Tuesday, November 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $22.33.

Sixth Street Specialty Lending Trading Up 0.5 %

Shares of NYSE:TSLX traded up $0.11 on Wednesday, hitting $22.22. 53,953 shares of the company's stock were exchanged, compared to its average volume of 266,070. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.79 and a beta of 1.05. Sixth Street Specialty Lending has a 12 month low of $19.50 and a 12 month high of $22.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The business's 50 day simple moving average is $21.27 and its two-hundred day simple moving average is $20.92.

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 for the quarter, meeting analysts' consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The business had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. During the same period in the previous year, the company posted $0.60 EPS. Analysts anticipate that Sixth Street Specialty Lending will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC raised its holdings in shares of Sixth Street Specialty Lending by 1.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider's stock worth $984,000 after buying an additional 621 shares during the last quarter. Platform Technology Partners raised its stake in Sixth Street Specialty Lending by 3.5% in the 4th quarter. Platform Technology Partners now owns 28,925 shares of the financial services provider's stock worth $616,000 after acquiring an additional 980 shares during the last quarter. Confluence Investment Management LLC raised its stake in Sixth Street Specialty Lending by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider's stock worth $5,350,000 after acquiring an additional 1,273 shares during the last quarter. Barnett & Company Inc. lifted its position in Sixth Street Specialty Lending by 4.7% during the 3rd quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider's stock worth $596,000 after acquiring an additional 1,300 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in Sixth Street Specialty Lending by 6.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider's stock valued at $502,000 after purchasing an additional 1,441 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

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.

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