Citizens Jmp Has Lowered Expectations for Sixth Street Specialty Lending (NYSE:TSLX) Stock Price

Sixth Street Specialty Lending (NYSE:TSLX) had its price target dropped by analysts at Citizens Jmp from $25.00 to $24.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s target price would indicate a potential upside of 25.50% from the company’s previous close.

Several other brokerages also recently weighed in on TSLX. JPMorgan Chase & Co. dropped their target price on shares of Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating for the company in a report on Friday, March 13th. Wells Fargo & Company cut their target price on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Keefe, Bruyette & Woods cut their price objective on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada dropped their target price on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.81.

Sixth Street Specialty Lending Stock Up 0.8%

TSLX stock opened at $19.12 on Wednesday. The business’s 50-day moving average price is $18.38 and its 200-day moving average price is $20.56. The stock has a market cap of $1.82 billion, a P/E ratio of 10.60 and a beta of 0.66. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. Sixth Street Specialty Lending has a twelve month low of $16.99 and a twelve month high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Thursday, February 12th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). The firm had revenue of $108.25 million for the quarter, compared to the consensus estimate of $107.11 million. Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.During the same quarter in the previous year, the business posted $0.61 EPS. On average, equities research analysts forecast that Sixth Street Specialty Lending will post 1.97 EPS for the current year.

Insiders Place Their Bets

In related news, VP Alan Waxman acquired 45,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average cost of $18.47 per share, for a total transaction of $831,150.00. Following the completion of the transaction, the vice president directly owned 545,000 shares in the company, valued at approximately $10,066,150. This trade represents a 9.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 545,000 shares of company stock worth $9,997,150 over the last quarter. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several large investors have recently modified their holdings of TSLX. Chicago Partners Investment Group LLC lifted its position 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 worth $534,000 after buying an additional 505 shares during the last quarter. Lido Advisors LLC increased its position in Sixth Street Specialty Lending by 1.2% during the fourth quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 506 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Sixth Street Specialty Lending by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 532 shares during the period. IFG Advisory LLC lifted its holdings 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 worth $484,000 after acquiring an additional 551 shares during the last quarter. Finally, Family Wealth Partners LLC lifted its holdings in shares of Sixth Street Specialty Lending by 2.5% in the 4th quarter. Family Wealth Partners LLC now owns 24,867 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 602 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

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.