Sixth Street Specialty Lending (NYSE:TSLX) Trading Up 0.2% - What's Next?

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) shot up 0.2% during mid-day trading on Friday . The stock traded as high as $21.60 and last traded at $21.55. 44,147 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 346,708 shares. The stock had previously closed at $21.50.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price target on 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 upgraded Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price target on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Sixth Street Specialty Lending presently has an average rating of "Buy" and an average price target of $22.00.

Sixth Street Specialty Lending Stock Up 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 company has a market capitalization of $2.01 billion, a P/E ratio of 10.46 and a beta of 1.06. The stock has a 50 day moving average price of $20.62 and a 200 day moving average price of $20.99.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $119.22 million during the quarter, compared to the consensus estimate of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same period last year, the company earned $0.60 earnings per share. On average, research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.32 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

Institutional Trading of Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently bought and sold shares of TSLX. Franklin Resources Inc. grew its position in shares of Sixth Street Specialty Lending by 28.3% in the 3rd quarter. Franklin Resources Inc. now owns 327,083 shares of the financial services provider's stock valued at $6,751,000 after buying an additional 72,133 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Sixth Street Specialty Lending by 7.4% in the third quarter. Tidal Investments LLC now owns 50,883 shares of the financial services provider's stock worth $1,045,000 after acquiring an additional 3,504 shares during the period. Sanctuary Advisors LLC boosted its holdings in Sixth Street Specialty Lending by 6.3% in the third quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider's stock valued at $502,000 after acquiring an additional 1,441 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Sixth Street Specialty Lending during the 3rd quarter valued at approximately $708,000. Finally, Jane Street Group LLC lifted its position in shares of Sixth Street Specialty Lending by 29.1% in the 3rd quarter. Jane Street Group LLC now owns 49,373 shares of the financial services provider's stock worth $1,014,000 after purchasing an additional 11,117 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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.

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