Sixth Street Specialty Lending (NYSE:TSLX) Stock Price Down 1.4% - What's Next?

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) traded down 1.4% during trading on Monday . The company traded as low as $20.61 and last traded at $20.62. 138,137 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 344,724 shares. The stock had previously closed at $20.91.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TSLX shares. Wells Fargo & Company dropped their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. 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 for the company in a research note on Wednesday, November 6th. Royal Bank of Canada restated 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. Finally, Keefe, Bruyette & Woods dropped their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $22.00.

Sixth Street Specialty Lending Stock Down 1.2 %

The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. The company's fifty day moving average price is $20.74 and its 200-day moving average price is $20.98. The stock has a market cap of $1.93 billion, a P/E ratio of 10.01 and a beta of 1.06.

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

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be given a $0.05 dividend. This represents a yield of 7.59%. The ex-dividend date is Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 89.32%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in shares of Sixth Street Specialty Lending during the second quarter worth approximately $70,000. Ridgewood Investments LLC purchased a new position in Sixth Street Specialty Lending during the 2nd quarter worth $77,000. Quarry LP raised its position in Sixth Street Specialty Lending by 378.3% during the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 3,238 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter worth $86,000. Finally, Atlas Capital Advisors LLC bought a new position in shares of Sixth Street Specialty Lending during the 2nd quarter worth $109,000. 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.