Sixth Street Specialty Lending (NYSE:TSLX) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Sixth Street Specialty Lending (NYSE:TSLX) from a hold rating to a sell rating in a research report released on Saturday morning.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods dropped their price objective on Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating on the stock in a report on Thursday. Truist Financial dropped their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday. Citizens Jmp dropped their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Royal Bank Of Canada dropped their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company dropped their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.29.

Sixth Street Specialty Lending Trading Up 0.5%

TSLX opened at $17.99 on Friday. Sixth Street Specialty Lending has a one year low of $16.99 and a one year high of $25.17. The company has a market cap of $1.71 billion, a P/E ratio of 15.64 and a beta of 0.65. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.83 and a current ratio of 3.39. The business’s 50-day simple moving average is $18.35 and its 200-day simple moving average is $20.36.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. The business had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $103.14 million. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, equities research analysts expect that Sixth Street Specialty Lending will post 1.76 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.3%. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, June 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 160.00%.

Insider Activity at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, VP Alan Waxman purchased 45,000 shares of Sixth Street Specialty Lending stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $18.47 per share, with a total value of $831,150.00. Following the acquisition, the vice president directly owned 545,000 shares of the company’s stock, valued at $10,066,150. This represents a 9.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 545,000 shares of company stock valued at $9,997,150. 3.83% of the stock is owned by company insiders.

Institutional Trading of Sixth Street Specialty Lending

Several hedge funds have recently modified their holdings of TSLX. Royal Bank of Canada lifted its holdings in shares of Sixth Street Specialty Lending by 8.0% in the 1st quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock valued at $2,780,000 after buying an additional 9,230 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Sixth Street Specialty Lending by 38.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock valued at $370,000 after buying an additional 4,597 shares during the period. Invesco Ltd. lifted its holdings in shares of Sixth Street Specialty Lending by 8.0% in the 2nd quarter. Invesco Ltd. now owns 30,628 shares of the financial services provider’s stock valued at $729,000 after buying an additional 2,263 shares during the period. Marshall Wace LLP lifted its holdings in shares of Sixth Street Specialty Lending by 186.6% in the 2nd quarter. Marshall Wace LLP now owns 75,811 shares of the financial services provider’s stock valued at $1,805,000 after buying an additional 49,362 shares during the period. Finally, Glenview Trust co acquired a new stake in shares of Sixth Street Specialty Lending in the 2nd quarter valued at approximately $231,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending News Roundup

Here are the key news stories impacting Sixth Street Specialty Lending this week:

• Positive Sentiment: TSLX priced a $300 million offering of 5.650% unsecured notes due 2031, with proceeds expected to be used to pay down existing debt. The move may improve its liability profile and support balance-sheet flexibility. Article Title
• Positive Sentiment: Several firms still see upside despite trimming targets: RBC kept an outperform rating, KBW maintained outperform, Truist kept a buy rating, and Wells Fargo kept overweight. These reports suggest analysts still view TSLX as undervalued even after lowering price targets.
• Neutral Sentiment: The company’s Q1 earnings call highlighted both a net asset value hit and some upside, suggesting investors are still digesting mixed fundamentals rather than reacting to one clear surprise. Article Title
• Negative Sentiment: JPMorgan cut its price target on TSLX to $17.50 and maintained a neutral rating, while other firms also reduced targets. The lower estimates likely added pressure to the stock and reflect more cautious near-term expectations.

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.