Sixth Street Specialty Lending (NYSE:TSLX) Stock Rating Lowered by Wall Street Zen

Sixth Street Specialty Lending (NYSE:TSLX) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts have also commented on TSLX. JPMorgan Chase & Co. cut their price target on Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods cut their price target on Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank Of Canada cut their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday. Truist Financial cut their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Citizens Jmp cut their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and an average price target of $20.29.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock opened at $17.99 on Friday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 15.64 and a beta of 0.65. The stock’s 50-day moving average is $18.35 and its 200-day moving average is $20.36. Sixth Street Specialty Lending has a one year low of $16.99 and a one year high of $25.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39.

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 analysts’ consensus estimates of $0.49 by ($0.07). The firm had revenue of $93.40 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.58 earnings per share. Equities analysts predict that Sixth Street Specialty Lending will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other Sixth Street Specialty Lending news, VP Alan Waxman purchased 45,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $18.47 per share, with a total value of $831,150.00. Following the completion of the transaction, the vice president directly owned 545,000 shares in the company, valued at $10,066,150. This represents a 9.00% 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. Insiders bought a total of 545,000 shares of company stock valued at $9,997,150 over the last 90 days. 3.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Institutional investors have recently bought and sold shares of the business. Caprock Group LLC acquired a new position in Sixth Street Specialty Lending during the third quarter worth approximately $1,478,000. Sound Income Strategies LLC increased its position in Sixth Street Specialty Lending by 4.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,511,115 shares of the financial services provider’s stock worth $55,998,000 after buying an additional 108,708 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Sixth Street Specialty Lending by 25.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 662,896 shares of the financial services provider’s stock worth $15,154,000 after buying an additional 135,789 shares during the last quarter. Tred Avon Family Wealth LLC acquired a new position in Sixth Street Specialty Lending during the third quarter worth approximately $1,028,000. Finally, Van ECK Associates Corp increased its position in Sixth Street Specialty Lending by 18.0% during the third quarter. Van ECK Associates Corp now owns 2,529,187 shares of the financial services provider’s stock worth $57,817,000 after buying an additional 385,398 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending News Summary

Here are the key news stories impacting Sixth Street Specialty Lending this week:

• Positive Sentiment: TSLX priced a $300 million offering of 5.650% unsecured notes due 2031, with proceeds expected to be used to pay down existing debt. The move may improve its liability profile and support balance-sheet flexibility. Article Title
• Positive Sentiment: Several firms still see upside despite trimming targets: RBC kept an outperform rating, KBW maintained outperform, Truist kept a buy rating, and Wells Fargo kept overweight. These reports suggest analysts still view TSLX as undervalued even after lowering price targets.
• Neutral Sentiment: The company’s Q1 earnings call highlighted both a net asset value hit and some upside, suggesting investors are still digesting mixed fundamentals rather than reacting to one clear surprise. Article Title
• Negative Sentiment: JPMorgan cut its price target on TSLX to $17.50 and maintained a neutral rating, while other firms also reduced targets. The lower estimates likely added pressure to the stock and reflect more cautious near-term expectations.

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.