Keefe, Bruyette & Woods Issues Pessimistic Forecast for Sixth Street Specialty Lending (NYSE:TSLX) Stock Price

Sixth Street Specialty Lending (NYSE:TSLX) had its price objective decreased by analysts at Keefe, Bruyette & Woods from $23.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 16.02% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Wells Fargo & Company dropped their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. Truist Financial cut their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Royal Bank Of Canada reduced their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $22.88.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX traded down $0.27 during midday trading on Tuesday, hitting $18.96. 925,218 shares of the stock traded hands, compared to its average volume of 628,543. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.83 and a current ratio of 2.83. Sixth Street Specialty Lending has a 1-year low of $18.51 and a 1-year high of $25.17. The business’s 50 day moving average price is $21.57 and its two-hundred day moving average price is $22.36. The firm has a market capitalization of $1.80 billion, a PE ratio of 10.46 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Thursday, February 12th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Sixth Street Specialty Lending had a net margin of 37.99% and a return on equity of 12.71%. The firm had revenue of $108.25 million during the quarter, compared to analyst estimates of $107.11 million. During the same quarter in the prior year, the firm posted $0.61 EPS. Equities research analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Sixth Street Specialty Lending

A number of hedge funds have recently modified their holdings of TSLX. Texas Yale Capital Corp. raised its stake in shares of Sixth Street Specialty Lending by 1.4% in the 2nd quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock valued at $845,000 after buying an additional 500 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Sixth Street Specialty Lending by 2.2% in the third quarter. Chicago Partners Investment Group LLC now owns 23,369 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 505 shares during the period. Lido Advisors LLC raised its position in Sixth Street Specialty Lending by 1.2% in the fourth quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 506 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Sixth Street Specialty Lending by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 532 shares during the period. Finally, IFG Advisory LLC boosted its stake in shares of Sixth Street Specialty Lending by 2.7% in the 3rd quarter. IFG Advisory LLC now owns 21,159 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 551 shares in the last quarter. 70.25% of the stock is 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.