Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Free Report) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.8333.
Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sixth Street Specialty Lending in a report on Thursday, August 13th. JPMorgan Chase & Co. reduced their price objective on shares of Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Royal Bank Of Canada decreased their price objective 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. Wall Street Zen upgraded shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Truist Financial dropped their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 7th.
View Our Latest Stock Report on Sixth Street Specialty Lending
Hedge Funds Weigh In On Sixth Street Specialty Lending
Sixth Street Specialty Lending Stock Up 0.1%
NYSE TSLX opened at $18.80 on Wednesday. Sixth Street Specialty Lending has a 52 week low of $16.04 and a 52 week high of $24.79. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $1.79 billion, a P/E ratio of 19.79 and a beta of 0.59. The stock’s 50-day moving average price is $17.48 and its 200-day moving average price is $18.01.
Sixth Street Specialty Lending (NYSE:TSLX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $97.84 million during the quarter, compared to the consensus estimate of $95.28 million. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.During the same period in the previous year, the company posted $0.56 EPS. On average, equities research analysts predict 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. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend 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 (DPR) is currently 176.84%.
Sixth Street Specialty Lending Company Profile
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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