Sixth Street Specialty Lending (NYSE:TSLX) Sets New 12-Month High - Should You Buy?

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.43 and last traded at $22.39, with a volume of 235994 shares trading hands. The stock had previously closed at $22.38.

Analysts Set New Price Targets

Several equities analysts have issued reports on TSLX shares. 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 target on the stock in a report on Wednesday, November 6th. Wells Fargo & Company increased their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $22.33.

Sixth Street Specialty Lending Stock Down 0.0 %

The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. The business has a fifty day simple moving average of $21.47 and a two-hundred day simple moving average of $20.97. The company has a market cap of $2.07 billion, a PE ratio of 10.75 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The firm had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same period last year, the firm posted $0.60 earnings per share. As a group, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were issued a $0.05 dividend. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 7.59%. Sixth Street Specialty Lending's dividend payout ratio is presently 89.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Dearborn Partners LLC raised its position 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 valued at $1,252,000 after buying an additional 763 shares during the period. Marble Harbor Investment Counsel LLC lifted its stake in Sixth Street Specialty Lending by 7.2% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 21,645 shares of the financial services provider's stock worth $461,000 after purchasing an additional 1,445 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth $17,488,000. Sage Investment Counsel LLC acquired a new position in Sixth Street Specialty Lending during the 4th quarter worth about $559,000. Finally, Muzinich & Co. Inc. grew its position in Sixth Street Specialty Lending by 7.1% in the 4th quarter. Muzinich & Co. Inc. now owns 392,418 shares of the financial services provider's stock valued at $8,359,000 after acquiring an additional 26,008 shares in the last quarter. Institutional investors and hedge funds 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.