Analysts Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Target Price at $19.83

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.8333.

A number of analysts recently issued reports on TSLX shares. Wall Street Zen upgraded shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. cut their price target 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. Zacks Research raised Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price objective on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised Sixth Street Specialty Lending from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th.

Sixth Street Specialty Lending Price Performance

NYSE:TSLX opened at $18.20 on Friday. Sixth Street Specialty Lending has a 12-month low of $16.04 and a 12-month high of $23.65. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 19.16 and a beta of 0.61. The company’s 50-day moving average is $18.06 and its two-hundred day moving average is $17.88. 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 issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $97.84 million during the quarter, compared to the consensus estimate of $95.28 million. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. During the same period in the previous year, the firm posted $0.56 earnings per share. Research analysts expect that Sixth Street Specialty Lending will post 1.74 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 176.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantum Portfolio Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the first quarter worth approximately $273,434,000. Strs Ohio raised its stake in Sixth Street Specialty Lending by 101.8% during the first quarter. Strs Ohio now owns 4,347,710 shares of the financial services provider’s stock worth $79,911,000 after purchasing an additional 2,193,551 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Sixth Street Specialty Lending by 2.4% in the 1st quarter. Sound Income Strategies LLC now owns 2,571,052 shares of the financial services provider’s stock valued at $46,562,000 after purchasing an additional 59,937 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Sixth Street Specialty Lending by 28.1% in the 2nd quarter. Van ECK Associates Corp now owns 2,366,266 shares of the financial services provider’s stock valued at $40,629,000 after purchasing an additional 519,456 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its stake in shares of Sixth Street Specialty Lending by 318.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 1,961,813 shares of the financial services provider’s stock valued at $36,058,000 after buying an additional 1,492,704 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc (NYSE:TSLX) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated loans and other debt investments, seeking to support businesses that may have limited access to traditional bank financing or public capital markets.

Its investment portfolio generally includes first-lien senior secured loans, second-lien loans, mezzanine debt and, to a lesser extent, equity investments.