Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $23.07 Consensus PT from Brokerages

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $23.07.

TSLX has been the subject of several recent analyst reports. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Truist Financial lifted their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th.

Sixth Street Specialty Lending Stock Down 0.8 %

TSLX stock opened at $21.79 on Wednesday. The firm has a market cap of $2.04 billion, a PE ratio of 10.74 and a beta of 1.08. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $23.67. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The company has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $21.32.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Sell-side analysts anticipate that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.07 per share. This represents a yield of 6.99%. The ex-dividend date is Friday, February 28th. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 90.64%.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First National Trust Co boosted its position in shares of Sixth Street Specialty Lending by 145.8% in the third quarter. First National Trust Co now owns 116,922 shares of the financial services provider’s stock valued at $2,400,000 after acquiring an additional 69,348 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Sixth Street Specialty Lending by 12.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 355,434 shares of the financial services provider’s stock worth $7,297,000 after buying an additional 40,330 shares during the period. Barnett & Company Inc. boosted its holdings in Sixth Street Specialty Lending by 4.7% in the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 1,300 shares in the last quarter. MQS Management LLC bought a new stake in shares of Sixth Street Specialty Lending during the 3rd quarter valued at $749,000. Finally, Muzinich & Co. Inc. raised its position in shares of Sixth Street Specialty Lending by 12.4% in the 3rd quarter. Muzinich & Co. Inc. now owns 366,410 shares of the financial services provider’s stock worth $7,522,000 after purchasing an additional 40,330 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

About Sixth Street Specialty Lending

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.