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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.8333.

A number of analysts recently issued reports on TSLX shares. JPMorgan Chase & Co. decreased their target price on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sixth Street Specialty Lending in a research note on Thursday, August 13th. Wells Fargo & Company decreased their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $18.80 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 9.83 and a quick ratio of 9.83. Sixth Street Specialty Lending has a 1 year low of $16.04 and a 1 year high of $24.79. The company has a market capitalization of $1.79 billion, a PE ratio of 19.79 and a beta of 0.59. The company has a fifty day moving average of $17.48 and a two-hundred day moving average of $18.03.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The company had revenue of $97.84 million for the quarter, compared to analyst estimates of $95.28 million. During the same quarter last year, the company posted $0.56 earnings per share. As a group, analysts expect that Sixth Street Specialty Lending will post 1.74 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.68 dividend on an annualized basis and a yield of 8.9%. Sixth Street Specialty Lending’s dividend payout ratio is currently 176.84%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Burk Holdings LLC purchased a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at about $51,000. Fifth Third Bancorp acquired a new position in Sixth Street Specialty Lending in the 1st quarter valued at about $63,000. Advisory Services Network LLC acquired a new position in Sixth Street Specialty Lending in the 3rd quarter valued at about $75,000. Frazier Financial Advisors LLC purchased a new stake in Sixth Street Specialty Lending during the 2nd quarter valued at approximately $83,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Sixth Street Specialty Lending during the 2nd quarter worth approximately $96,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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.