JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Sixth Street Specialty Lending (NYSE:TSLX) Stock

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) had its price objective boosted by analysts at JPMorgan Chase & Co. from $22.50 to $23.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 2.11% from the company's previous close.

A number of other research analysts have also weighed in on TSLX. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Wells Fargo & Company boosted their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of "Moderate Buy" and an average target price of $22.79.

Sixth Street Specialty Lending Stock Up 1.8 %

Shares of Sixth Street Specialty Lending stock traded up $0.43 on Tuesday, hitting $23.50. The company had a trading volume of 2,303,057 shares, compared to its average volume of 365,703. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $23.66. 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 stock has a 50 day moving average of $21.70 and a 200-day moving average of $21.08. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.57 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. As a group, sell-side analysts forecast that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

Institutional Trading of Sixth Street Specialty Lending

Several hedge funds have recently made changes to their positions in TSLX. Raymond James Financial Inc. purchased a new stake in Sixth Street Specialty Lending in the 4th quarter worth about $17,488,000. Columbus Macro LLC bought a new position in Sixth Street Specialty Lending during the fourth quarter worth about $7,669,000. Progeny 3 Inc. increased its stake in shares of Sixth Street Specialty Lending by 10.6% in the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock worth $46,249,000 after purchasing an additional 215,996 shares in the last quarter. Parkwood LLC bought a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at approximately $3,937,000. Finally, JPMorgan Chase & Co. raised its position in shares of Sixth Street Specialty Lending by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock valued at $24,131,000 after purchasing an additional 162,810 shares during the period. 70.25% of the stock is currently owned by institutional investors.

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.