Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $22.00 Consensus Target Price from Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is $22.00.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price objective on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lowered their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a report on Thursday, November 7th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in Sixth Street Specialty Lending in the second quarter valued at $70,000. Quarry LP increased its position in shares of Sixth Street Specialty Lending by 378.3% during the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,238 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Sixth Street Specialty Lending in the 3rd quarter valued at about $86,000. Atlas Capital Advisors LLC acquired a new position in Sixth Street Specialty Lending in the second quarter valued at about $109,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Sixth Street Specialty Lending during the third quarter worth about $196,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Down 0.2 %

TSLX stock opened at $21.25 on Friday. Sixth Street Specialty Lending has a 52 week low of $19.50 and a 52 week high of $22.35. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The firm has a 50-day simple moving average of $20.85 and a 200-day simple moving average of $20.92. The stock has a market capitalization of $1.98 billion, a P/E ratio of 10.32 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The business had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same quarter last year, the business posted $0.60 earnings per share. Equities analysts forecast that Sixth Street Specialty Lending will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 7.59%. Sixth Street Specialty Lending’s dividend payout ratio is currently 89.32%.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.