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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received a consensus rating of “Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $23.2778.

A number of equities analysts have recently commented on TSLX shares. Wells Fargo & Company raised their price objective on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JMP Securities raised their target price on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. Finally, B. Riley initiated coverage on shares of Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They set a “buy” rating and a $23.00 target price for the company.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Several hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co lifted its position in Sixth Street Specialty Lending by 2.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 136,054 shares of the financial services provider’s stock valued at $3,245,000 after purchasing an additional 3,440 shares during the last quarter. Corient Private Wealth LLC lifted its position in Sixth Street Specialty Lending by 181.7% during the second quarter. Corient Private Wealth LLC now owns 113,162 shares of the financial services provider’s stock valued at $2,694,000 after purchasing an additional 72,995 shares during the last quarter. Tidal Investments LLC lifted its position in Sixth Street Specialty Lending by 2.2% during the second quarter. Tidal Investments LLC now owns 53,219 shares of the financial services provider’s stock valued at $1,267,000 after purchasing an additional 1,168 shares during the last quarter. HRT Financial LP lifted its position in Sixth Street Specialty Lending by 185.6% during the second quarter. HRT Financial LP now owns 190,316 shares of the financial services provider’s stock valued at $4,531,000 after purchasing an additional 123,682 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in Sixth Street Specialty Lending by 6.6% during the second quarter. IHT Wealth Management LLC now owns 105,149 shares of the financial services provider’s stock valued at $2,504,000 after purchasing an additional 6,549 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Price Performance

TSLX stock opened at $24.52 on Wednesday. The firm has a 50 day moving average of $24.16 and a 200-day moving average of $22.80. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.07. Sixth Street Specialty Lending has a 12 month low of $18.58 and a 12 month high of $25.17. The firm has a market capitalization of $2.31 billion, a P/E ratio of 12.20 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. The company had revenue of $115.00 million during the quarter, compared to analyst estimates of $110.42 million. During the same period last year, the business earned $0.58 earnings per share. As a group, sell-side analysts predict that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, September 15th. This represents a $0.20 annualized dividend and a yield of 0.8%. Sixth Street Specialty Lending’s payout ratio is presently 91.54%.

About Sixth Street Specialty Lending

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.