Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has earned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.50.

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, December 24th. Wells Fargo & Company decreased their price target on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Keefe, Bruyette & Woods lowered their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th.

Sixth Street Specialty Lending Stock Up 0.3%

TSLX opened at $20.88 on Friday. The company has a market capitalization of $1.97 billion, a P/E ratio of 10.24 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.73 and a quick ratio of 4.73. The firm’s fifty day moving average price is $21.91 and its two-hundred day moving average price is $22.61. Sixth Street Specialty Lending has a fifty-two week low of $18.58 and a fifty-two week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. The business had revenue of $109.40 million for the quarter, compared to analyst estimates of $108.35 million. During the same period in the previous year, the business earned $0.57 EPS. On average, analysts anticipate that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Insider Transactions at Sixth Street Specialty Lending

In other news, CEO Robert J. Stanley purchased 10,000 shares of Sixth Street Specialty Lending stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of $20.85 per share, for a total transaction of $208,500.00. Following the completion of the transaction, the chief executive officer directly owned 24,907 shares in the company, valued at approximately $519,310.95. This represents a 67.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TSLX. Harbor Investment Advisory LLC increased its holdings in 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 valued at $38,000 after purchasing an additional 1,508 shares in the last quarter. MTM Investment Management LLC bought a new stake in shares of Sixth Street Specialty Lending during the second quarter worth $49,000. Advisory Services Network LLC acquired a new stake in shares of Sixth Street Specialty Lending in the third quarter valued at $75,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Sixth Street Specialty Lending in the third quarter valued at $79,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Sixth Street Specialty Lending by 74.0% in the second quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,753 shares during the last quarter. 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.