Sixth Street Specialty Lending (NYSE:TSLX) Earns “Market Outperform” Rating from Citizens Jmp

Sixth Street Specialty Lending (NYSE:TSLX)‘s stock had its “market outperform” rating restated by analysts at Citizens Jmp in a research report issued on Wednesday,Benzinga reports. They currently have a $25.00 price objective on the financial services provider’s stock. Citizens Jmp’s price objective points to a potential upside of 31.54% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company dropped their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial cut their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. JPMorgan Chase & Co. cut their price objective on Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $22.50.

Sixth Street Specialty Lending Stock Performance

TSLX stock traded up $0.13 during trading on Wednesday, reaching $19.01. The stock had a trading volume of 198,641 shares, compared to its average volume of 640,606. The firm has a market cap of $1.80 billion, a PE ratio of 10.51 and a beta of 0.70. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average is $21.50 and its two-hundred day moving average is $22.33. Sixth Street Specialty Lending has a 52 week low of $18.51 and a 52 week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Thursday, February 12th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $108.25 million for the quarter, compared to the consensus estimate of $107.11 million. Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.During the same period in the previous year, the business earned $0.61 earnings per share. As a group, equities analysts anticipate that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Several large investors have recently added to or reduced their stakes in the stock. 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 worth $38,000 after purchasing an additional 1,508 shares during the period. MTM Investment Management LLC purchased a new position in shares of Sixth Street Specialty Lending during the second quarter valued at $49,000. Advisory Services Network LLC purchased a new stake in Sixth Street Specialty Lending in the third quarter worth about $75,000. Redmont Wealth Advisors LLC bought a new position in Sixth Street Specialty Lending during the 3rd quarter worth about $79,000. Finally, First Horizon Advisors Inc. increased its position in Sixth Street Specialty Lending by 74.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,753 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.