Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $21.92 Consensus Target Price from Analysts

Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.92.

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price objective on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a research report on Monday, January 29th. B. Riley restated a “neutral” rating and issued a $22.00 price objective on shares of Sixth Street Specialty Lending in a research report on Monday, November 6th.

View Our Latest Research Report on TSLX

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Community Bank N.A. boosted its stake in shares of Sixth Street Specialty Lending by 50.0% in the fourth quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Sixth Street Specialty Lending in the third quarter valued at approximately $33,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at approximately $42,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at approximately $45,000. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at approximately $65,000. 48.66% of the stock is currently owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $21.68 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $1.90 billion, a PE ratio of 8.37 and a beta of 1.05. The business has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $20.69. Sixth Street Specialty Lending has a fifty-two week low of $16.86 and a fifty-two week high of $22.35.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 20th. Shareholders of record on Thursday, November 30th were given a dividend of $0.07 per share. This represents a yield of 9.91%. The ex-dividend date of this dividend was Wednesday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 71.04%.

About Sixth Street Specialty Lending

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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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Analyst Recommendations for Sixth Street Specialty Lending (NYSE:TSLX)

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