Brokerages Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Target Price at $19.83

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.8333.

Several analysts have issued reports on the company. Royal Bank Of Canada dropped their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Keefe, Bruyette & Woods dropped their price objective on Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Truist Financial dropped their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Zacks Research lowered Sixth Street Specialty Lending from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Citizens Jmp dropped their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX opened at $17.24 on Friday. The stock has a 50 day moving average price of $18.10 and a 200 day moving average price of $19.66. Sixth Street Specialty Lending has a 52 week low of $16.96 and a 52 week high of $25.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.39 and a current ratio of 3.39. The stock has a market capitalization of $1.64 billion, a PE ratio of 14.99 and a beta of 0.60.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.07). The company had revenue of $93.40 million for the quarter, compared to analyst estimates of $103.14 million. Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. During the same period last year, the company posted $0.58 earnings per share. Analysts predict that Sixth Street Specialty Lending will post 1.71 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.42 dividend. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. This represents a $1.68 annualized dividend and a yield of 9.7%. The ex-dividend date is Monday, June 15th. Sixth Street Specialty Lending’s dividend payout ratio is currently 160.00%.

Insider Buying and Selling at Sixth Street Specialty Lending

In other news, VP Ross Anthony Bruck bought 8,000 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $17.76 per share, for a total transaction of $142,080.00. Following the completion of the purchase, the vice president owned 18,250 shares in the company, valued at approximately $324,120. This trade represents a 78.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.83% of the company’s stock.

Hedge Funds Weigh In On Sixth Street Specialty Lending

A number of large investors have recently made changes to their positions in the company. Lido Advisors LLC increased its stake in shares of Sixth Street Specialty Lending by 1.2% during the fourth quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 506 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Sixth Street Specialty Lending by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 532 shares during the period. IFG Advisory LLC increased its stake in shares of Sixth Street Specialty Lending by 2.7% during the third quarter. IFG Advisory LLC now owns 21,159 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 551 shares during the period. Family Wealth Partners LLC increased its stake in shares of Sixth Street Specialty Lending by 2.5% during the fourth quarter. Family Wealth Partners LLC now owns 24,867 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 602 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Sixth Street Specialty Lending by 5.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,923 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 626 shares during the period. Institutional investors own 70.25% of the company’s stock.

About Sixth Street Specialty Lending

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.