Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Has Consensus Price Target of $19.83 According to Brokerages

Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.83.

Several research firms have commented on TSLX. Weiss Ratings downgraded shares of Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. decreased their price target on 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. Keefe, Bruyette & Woods increased their price objective on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Zacks Research raised Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th.

View Our Latest Analysis on Sixth Street Specialty Lending

Institutional Trading of Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of TSLX. Quantum Portfolio Management LLC bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth $273,434,000. Strs Ohio raised its holdings in Sixth Street Specialty Lending by 101.8% in the 1st quarter. Strs Ohio now owns 4,347,710 shares of the financial services provider’s stock worth $79,911,000 after acquiring an additional 2,193,551 shares during the period. Sound Income Strategies LLC raised its holdings in Sixth Street Specialty Lending by 2.4% in the 1st quarter. Sound Income Strategies LLC now owns 2,571,052 shares of the financial services provider’s stock worth $46,562,000 after acquiring an additional 59,937 shares during the period. Van ECK Associates Corp lifted its position in Sixth Street Specialty Lending by 28.1% during the 2nd quarter. Van ECK Associates Corp now owns 2,366,266 shares of the financial services provider’s stock worth $40,629,000 after acquiring an additional 519,456 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in Sixth Street Specialty Lending during the 2nd quarter worth $34,552,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

TSLX stock opened at $17.34 on Thursday. 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 $1.65 billion, a price-to-earnings ratio of 18.25 and a beta of 0.62. Sixth Street Specialty Lending has a 12 month low of $16.04 and a 12 month high of $23.19. The firm has a 50 day moving average of $18.29 and a two-hundred day moving average of $17.86.

Sixth Street Specialty Lending (NYSE:TSLX – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. The business had revenue of $97.84 million for the quarter, compared to the consensus estimate of $95.28 million. During the same quarter last year, the firm earned $0.56 EPS. As a group, equities analysts anticipate that Sixth Street Specialty Lending will post 1.74 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 9.7%. The ex-dividend date was Tuesday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 176.84%.

Sixth Street Specialty Lending Company Profile

(Get Free Report)

Sixth Street Specialty Lending, Inc (NYSE:TSLX) is a business development company (BDC) that provides financing to established middle-market companies. The company primarily invests in privately originated debt, including first-lien senior secured loans, second-lien loans, subordinated debt and other credit investments. It may also make select equity investments in connection with its lending activities.

Sixth Street Specialty Lending generally focuses on companies with experienced management teams, strong market positions and established operating histories.

Recommended Stories

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

Receive News & Ratings for Sixth Street Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sixth Street Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.