Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.71.
TSLX has been the topic of several analyst reports. Wall Street Zen raised shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods raised their price target 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. B. Riley Financial reissued a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Sixth Street Specialty Lending in a research report on Friday. Finally, Weiss Ratings cut Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th.
View Our Latest Stock Report on Sixth Street Specialty Lending
Institutional Investors Weigh In On Sixth Street Specialty Lending
A number of institutional investors have recently added to or reduced their stakes in the company. Quantum Portfolio Management LLC bought a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at approximately $273,434,000. OMERS ADMINISTRATION Corp acquired a new stake in Sixth Street Specialty Lending in the second quarter worth about $34,552,000. Advisors Capital Management LLC bought a new position in shares of Sixth Street Specialty Lending during the second quarter worth approximately $14,837,000. Legal & General Group Plc bought a new stake in Sixth Street Specialty Lending during the 2nd quarter valued at $13,526,000. Finally, Bank of America Corp DE purchased a new position in shares of Sixth Street Specialty Lending in the second quarter worth about $13,126,000. 70.25% of the stock is owned by institutional investors.
Sixth Street Specialty Lending Price Performance
Sixth Street Specialty Lending stock opened at $17.64 on Monday. The stock has a market cap of $1.68 billion, a P/E ratio of 9.56 and a beta of 0.61. The company has a fifty day simple moving average of $17.77 and a 200-day simple moving average of $18.15. Sixth Street Specialty Lending has a 12-month low of $16.04 and a 12-month high of $22.84. 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 (NYSE:TSLX – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $98.96 million during the quarter, compared to the consensus estimate of $97.59 million. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%. Equities analysts expect that Sixth Street Specialty Lending will post 1.74 EPS for the current fiscal year.
Sixth Street Specialty Lending Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.42 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.5%. Sixth Street Specialty Lending’s payout ratio is 200.00%.
Sixth Street Specialty Lending Company Profile
Sixth Street Specialty Lending, Inc is a business development company (BDC) that provides financing to middle-market companies. The company primarily invests in privately negotiated debt and equity investments, with a focus on supporting businesses that may have limited access to traditional bank financing.
Its investment portfolio generally includes first-lien and second-lien loans, unitranche financing, mezzanine debt, and related equity investments. Sixth Street Specialty Lending seeks to generate income through interest payments and other investment returns while providing customized financing solutions for acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate purposes.
The company was formed in 2011 and is externally managed by an affiliate of Sixth Street, an investment firm focused on credit and other asset classes.
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