Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Has Consensus Price Target of $19.83

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received an average rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $19.83.

Several equities research analysts recently commented on TSLX shares. Weiss Ratings cut Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Wall Street Zen upgraded Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a research report on Thursday, July 2nd.

Institutional Trading of Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of TSLX. Lido Advisors LLC raised its position in shares of Sixth Street Specialty Lending by 1.2% during the fourth quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 506 shares during the period. Sage Investment Counsel LLC lifted its position in Sixth Street Specialty Lending by 3.2% in the 1st quarter. Sage Investment Counsel LLC now owns 25,577 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 800 shares in the last quarter. Pasadena Private Wealth LLC increased its holdings in Sixth Street Specialty Lending by 11.7% during the 1st quarter. Pasadena Private Wealth LLC now owns 14,289 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 1,500 shares in the last quarter. Platform Technology Partners boosted its position in shares of Sixth Street Specialty Lending by 5.8% during the first quarter. Platform Technology Partners now owns 36,444 shares of the financial services provider’s stock worth $670,000 after buying an additional 2,000 shares during the period. Finally, Columbus Macro LLC raised its position in Sixth Street Specialty Lending by 0.4% in the 1st quarter. Columbus Macro LLC now owns 549,170 shares of the financial services provider’s stock valued at $10,094,000 after buying an additional 2,006 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Trading Down 0.9%

Shares of TSLX opened at $17.19 on Thursday. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24. Sixth Street Specialty Lending has a 1-year low of $16.04 and a 1-year high of $23.19. The stock has a market capitalization of $1.63 billion, a P/E ratio of 18.09 and a beta of 0.62. The business’s 50-day moving average price is $18.28 and its 200 day moving average price is $17.85.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $97.84 million during the quarter, compared to the consensus estimate of $95.28 million. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. During the same quarter in the prior year, the firm earned $0.56 EPS. Analysts expect that Sixth Street Specialty Lending will post 1.74 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.8%. Sixth Street Specialty Lending’s dividend payout ratio is currently 176.84%.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc (NYSE:TSLX) is a business development company (BDC) that provides financing to established middle-market companies. The company primarily invests in privately originated debt, including first-lien senior secured loans, second-lien loans, subordinated debt and other credit investments. It may also make select equity investments in connection with its lending activities.

Sixth Street Specialty Lending generally focuses on companies with experienced management teams, strong market positions and established operating histories.