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

Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat 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 analysts that have issued ratings on the stock in the last year is $19.8333.

A number of analysts recently issued reports on TSLX shares. Wall Street Zen upgraded Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. cut their price objective on shares of Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings raised shares of Sixth Street Specialty Lending from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Zacks Research upgraded shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a report on Monday, August 10th.

Check Out Our Latest Stock Analysis on Sixth Street Specialty Lending

Sixth Street Specialty Lending Trading Down 2.3%

TSLX opened at $17.82 on Friday. The stock has a 50-day moving average of $18.01 and a 200 day moving average of $17.88. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24. Sixth Street Specialty Lending has a 12 month low of $16.04 and a 12 month high of $23.65. The firm has a market cap of $1.69 billion, a P/E ratio of 18.76 and a beta of 0.61.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last issued 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 business had revenue of $97.84 million for 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 prior year, the business posted $0.56 earnings per share. As a group, research analysts forecast that Sixth Street Specialty Lending will post 1.74 EPS for the current year.

Sixth Street Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is 176.84%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TSLX. Sequoia Financial Advisors LLC bought a new position in shares of Sixth Street Specialty Lending during the second quarter valued at approximately $200,000. Ehrenkranz Partners L.P. lifted its stake in shares of Sixth Street Specialty Lending by 14.8% during the 2nd quarter. Ehrenkranz Partners L.P. now owns 43,015 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 5,541 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Sixth Street Specialty Lending by 30.6% during the 2nd quarter. IFP Advisors Inc now owns 305,604 shares of the financial services provider’s stock worth $5,247,000 after acquiring an additional 71,693 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Sixth Street Specialty Lending by 27.3% during the 2nd quarter. Squarepoint Ops LLC now owns 33,629 shares of the financial services provider’s stock valued at $577,000 after acquiring an additional 7,211 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Sixth Street Specialty Lending by 17.2% during the 2nd quarter. HighTower Advisors LLC now owns 34,255 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 5,026 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

About Sixth Street Specialty Lending

(Get Free Report)

Sixth Street Specialty Lending, Inc (NYSE:TSLX) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated loans and other debt investments, seeking to support businesses that may have limited access to traditional bank financing or public capital markets.

Its investment portfolio generally includes first-lien senior secured loans, second-lien loans, mezzanine debt and, to a lesser extent, equity investments.

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Analyst Recommendations for Sixth Street Specialty Lending (NYSE:TSLX)

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