Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Free Report) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $22.67.

Several analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $22.50 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, March 26th. Royal Bank of Canada upped their price objective on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods dropped their price target on shares of Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Finally, Truist Financial upped their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th.

Get Our Latest Analysis on TSLX

Institutional Trading of Sixth Street Specialty Lending

Several hedge funds have recently bought and sold shares of TSLX. Strs Ohio grew its stake in shares of Sixth Street Specialty Lending by 2.6% in the 4th quarter. Strs Ohio now owns 3,134,865 shares of the financial services provider’s stock worth $67,713,000 after purchasing an additional 79,180 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Sixth Street Specialty Lending by 0.9% in the first quarter. Burgundy Asset Management Ltd. now owns 2,076,819 shares of the financial services provider’s stock worth $44,506,000 after buying an additional 18,859 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Sixth Street Specialty Lending by 4.0% in the first quarter. Sound Income Strategies LLC now owns 2,070,259 shares of the financial services provider’s stock worth $44,366,000 after buying an additional 80,581 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Sixth Street Specialty Lending by 12.9% in the first quarter. Van ECK Associates Corp now owns 1,811,376 shares of the financial services provider’s stock worth $38,818,000 after buying an additional 206,432 shares during the period. Finally, Callodine Capital Management LP boosted its holdings in shares of Sixth Street Specialty Lending by 5.6% in the third quarter. Callodine Capital Management LP now owns 1,410,030 shares of the financial services provider’s stock worth $28,821,000 after buying an additional 75,000 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Price Performance

Sixth Street Specialty Lending stock opened at $21.88 on Monday. The business has a 50 day simple moving average of $21.31 and a 200-day simple moving average of $21.37. Sixth Street Specialty Lending has a 12 month low of $18.09 and a 12 month high of $22.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market capitalization of $2.03 billion, a PE ratio of 8.82 and a beta of 1.04.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The company had revenue of $117.78 million for the quarter, compared to analysts’ expectations of $118.44 million. Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. Equities analysts predict that Sixth Street Specialty Lending will post 2.33 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 3rd will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 7.63%. Sixth Street Specialty Lending’s payout ratio is currently 74.19%.

Sixth Street Specialty Lending Company Profile

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Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.

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

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