Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.6667.

Several equities research analysts recently weighed in on TSLX shares. Wall Street Zen cut shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods cut their target price on Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Wells Fargo & Company lowered their price target on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, Citizens Jmp reduced their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd.

Sixth Street Specialty Lending Trading Down 0.3%

Shares of Sixth Street Specialty Lending stock opened at $17.19 on Friday. Sixth Street Specialty Lending has a 1 year low of $16.04 and a 1 year high of $24.79. The company’s fifty day simple moving average is $17.09 and its 200-day simple moving average is $18.40. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 14.95 and a beta of 0.59. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The company 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 period last year, the company earned $0.58 earnings per share. As a group, sell-side analysts expect that Sixth Street Specialty Lending will post 1.71 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.42 per share. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, June 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.8%. Sixth Street Specialty Lending’s dividend payout ratio is 146.09%.

Insiders Place Their Bets

In related news, VP Ross Anthony Bruck acquired 8,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $17.76 per share, with a total value of $142,080.00. Following the completion of the acquisition, the vice president owned 18,250 shares in the company, valued at $324,120. The trade was a 78.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in Sixth Street Specialty Lending in the third quarter worth $75,000. Fifth Third Bancorp acquired a new stake in Sixth Street Specialty Lending in the 1st quarter valued at about $63,000. Redmont Wealth Advisors LLC lifted its position in shares of Sixth Street Specialty Lending by 37.8% during the fourth quarter. Redmont Wealth Advisors LLC now owns 4,776 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,310 shares in the last quarter. SG Americas Securities LLC acquired a new position in Sixth Street Specialty Lending during the 4th quarter worth $108,000. Finally, Arax Advisory Partners bought a new position in Sixth Street Specialty Lending in the 4th quarter valued at $109,000. Institutional investors own 70.25% of the company’s stock.

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.