Sixth Street Specialty Lending (NYSE:TSLX) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Sixth Street Specialty Lending (NYSE:TSLX) had its price target boosted by analysts at Keefe, Bruyette & Woods from $18.50 to $19.50 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 4.05% from the company’s previous close.

TSLX has been the topic of several other reports. Zacks Research raised shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings cut Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Citizens Jmp cut their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their target price on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Finally, Wells Fargo & Company decreased their target price on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.83.

Sixth Street Specialty Lending Price Performance

TSLX traded down $0.36 during trading on Monday, hitting $18.74. The company’s stock had a trading volume of 81,661 shares, compared to its average volume of 814,999. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.75 and a beta of 0.59. Sixth Street Specialty Lending has a twelve month low of $16.04 and a twelve month high of $24.79. The business’s fifty day simple moving average is $17.20 and its 200 day simple moving average is $18.24. 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 (NYSE:TSLX) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $97.84 million for the quarter, compared to analyst estimates of $95.28 million. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.During the same quarter last year, the firm posted $0.56 EPS. On average, equities research analysts forecast that Sixth Street Specialty Lending will post 1.72 EPS for the current fiscal year.

Institutional Trading of Sixth Street Specialty Lending

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Sixth Street Specialty Lending by 8.0% in the first quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock valued at $2,780,000 after purchasing an additional 9,230 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Sixth Street Specialty Lending by 38.5% during the first quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock worth $370,000 after buying an additional 4,597 shares during the last quarter. Invesco Ltd. boosted its stake in Sixth Street Specialty Lending by 8.0% during the second quarter. Invesco Ltd. now owns 30,628 shares of the financial services provider’s stock worth $729,000 after buying an additional 2,263 shares during the last quarter. Marshall Wace LLP grew its holdings in 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 in the last quarter. Finally, Glenview Trust co purchased a new stake in Sixth Street Specialty Lending in the 2nd quarter valued at $231,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.