Sixth Street Specialty Lending (NYSE:TSLX) Price Target Lowered to $21.00 at JPMorgan Chase & Co.

Sixth Street Specialty Lending (NYSE:TSLX) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $23.00 to $21.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 11.20% from the stock’s previous close.

A number of other research firms have also recently commented on TSLX. Weiss Ratings reissued a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, December 24th. Truist Financial cut their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company lowered their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods lowered their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Royal Bank Of Canada cut their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $22.50.

Sixth Street Specialty Lending Trading Down 1.8%

Shares of Sixth Street Specialty Lending stock traded down $0.35 during trading on Tuesday, reaching $18.89. The company’s stock had a trading volume of 1,352,264 shares, compared to its average volume of 642,436. The firm’s 50-day moving average is $21.57 and its two-hundred day moving average is $22.36. Sixth Street Specialty Lending has a 52-week low of $18.51 and a 52-week high of $25.17. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 10.43 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. Sixth Street Specialty Lending had a net margin of 37.99% and a return on equity of 12.71%. The firm had revenue of $108.25 million during the quarter, compared to the consensus estimate of $107.11 million. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, sell-side analysts anticipate that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caprock Group LLC purchased a new position in Sixth Street Specialty Lending during the 3rd quarter valued at about $1,478,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Sixth Street Specialty Lending by 25.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 662,896 shares of the financial services provider’s stock valued at $15,154,000 after buying an additional 135,789 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Sixth Street Specialty Lending by 13.0% during the second quarter. 1832 Asset Management L.P. now owns 395,347 shares of the financial services provider’s stock worth $9,413,000 after purchasing an additional 45,347 shares in the last quarter. Tred Avon Family Wealth LLC purchased a new stake in shares of Sixth Street Specialty Lending during the third quarter valued at approximately $1,028,000. Finally, Rockefeller Capital Management L.P. increased its holdings in Sixth Street Specialty Lending by 7.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 207,112 shares of the financial services provider’s stock worth $4,931,000 after purchasing an additional 14,104 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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.