Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.8333.

Several analysts recently commented on TSLX shares. Zacks Research raised shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Wells Fargo & Company decreased their target price on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Royal Bank Of Canada cut their price target on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Truist Financial decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Several large investors have recently bought and sold shares of the business. Burk Holdings LLC bought a new position in Sixth Street Specialty Lending during the 2nd quarter valued at about $51,000. Fifth Third Bancorp purchased a new position in shares of Sixth Street Specialty Lending during the first quarter valued at approximately $63,000. Advisory Services Network LLC purchased a new position in shares of Sixth Street Specialty Lending during the third quarter valued at approximately $75,000. Frazier Financial Advisors LLC bought a new position in Sixth Street Specialty Lending during the second quarter valued at approximately $83,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Sixth Street Specialty Lending during the second quarter valued at approximately $96,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Up 0.4%

TSLX stock opened at $18.98 on Wednesday. The business has a 50 day moving average of $17.58 and a 200 day moving average of $17.98. The firm has a market cap of $1.80 billion, a PE ratio of 19.98 and a beta of 0.59. Sixth Street Specialty Lending has a twelve month low of $16.04 and a twelve month high of $24.79. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The firm had revenue of $97.84 million for the quarter, compared to analysts’ expectations of $95.28 million. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, research analysts forecast that Sixth Street Specialty Lending will post 1.74 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is presently 176.84%.

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.