Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $22.25 Average Price Target from Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.25.

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price target on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings downgraded Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. reduced their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Citizens Jmp reiterated a “market outperform” rating and issued a $25.00 price target on shares of Sixth Street Specialty Lending in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $17.76 on Wednesday. The firm has a 50 day moving average of $20.74 and a two-hundred day moving average of $21.91. The stock has a market capitalization of $1.68 billion, a PE ratio of 9.81 and a beta of 0.73. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. Sixth Street Specialty Lending has a 52 week low of $16.99 and a 52 week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). The company had revenue of $108.25 million for the quarter, compared to analysts’ expectations of $107.11 million. Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.During the same period in the prior year, the company posted $0.61 EPS. On average, research analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, March 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Sixth Street Specialty Lending’s payout ratio is presently 101.66%.

Institutional Trading of Sixth Street Specialty Lending

A number of institutional investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC boosted its position in shares of Sixth Street Specialty Lending by 673.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,508 shares in the last quarter. MTM Investment Management LLC purchased a new stake in Sixth Street Specialty Lending during the second quarter worth approximately $49,000. Advisory Services Network LLC acquired a new position in Sixth Street Specialty Lending in the third quarter valued at approximately $75,000. Redmont Wealth Advisors LLC purchased a new position in Sixth Street Specialty Lending in the third quarter valued at approximately $79,000. Finally, First Horizon Advisors Inc. raised its holdings in Sixth Street Specialty Lending by 74.0% during the second quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 1,753 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.