Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Free Report) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $19.6667.
A number of brokerages recently commented on TSLX. Keefe, Bruyette & Woods dropped their price target on Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wells Fargo & Company dropped their target price on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Citizens Jmp cut their target price on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada cut 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 note on Thursday, May 7th.
Check Out Our Latest Stock Report on Sixth Street Specialty Lending
Insiders Place Their Bets
Institutional Investors Weigh In On Sixth Street Specialty Lending
Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc lifted its position in Sixth Street Specialty Lending by 16.0% during the fourth quarter. Legal & General Group Plc now owns 665,352 shares of the financial services provider’s stock valued at $14,455,000 after buying an additional 91,578 shares during the period. Sound Income Strategies LLC grew its position in shares of Sixth Street Specialty Lending by 4.5% in the 4th quarter. Sound Income Strategies LLC now owns 2,511,115 shares of the financial services provider’s stock worth $55,998,000 after buying an additional 108,708 shares during the period. Tectonic Advisors LLC grew its position in shares of Sixth Street Specialty Lending by 10.5% in the 4th quarter. Tectonic Advisors LLC now owns 617,476 shares of the financial services provider’s stock worth $13,412,000 after buying an additional 58,538 shares during the period. OMERS ADMINISTRATION Corp grew its position in shares of Sixth Street Specialty Lending by 157.2% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 469,109 shares of the financial services provider’s stock worth $10,189,000 after buying an additional 286,724 shares during the period. Finally, Stratos Wealth Advisors LLC bought a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth about $4,129,000. 70.25% of the stock is currently owned by institutional investors.
Sixth Street Specialty Lending Stock Down 0.3%
Shares of NYSE:TSLX opened at $17.62 on Friday. The stock’s 50-day moving average is $17.09 and its 200 day moving average is $18.44. The company has a market cap of $1.67 billion, a PE ratio of 15.32 and a beta of 0.59. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39. Sixth Street Specialty Lending has a 1 year low of $16.04 and a 1 year high of $24.79.
Sixth Street Specialty Lending (NYSE:TSLX – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.07). The business had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $103.14 million. Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.During the same quarter last year, the business posted $0.58 EPS. Sell-side analysts anticipate that Sixth Street Specialty Lending will post 1.71 EPS for the current year.
Sixth Street Specialty Lending Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 9.5%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, June 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 146.09%.
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.
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