Sixth Street Specialty Lending (NYSE:TSLX) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Sixth Street Specialty Lending (NYSE:TSLX) in a research note published on Wednesday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has a $24.00 price target on the financial services provider’s stock.

A number of other equities research analysts have also commented on the company. JMP Securities increased their price target on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.56.

Sixth Street Specialty Lending Trading Down 3.1%

Shares of Sixth Street Specialty Lending stock opened at $22.15 on Wednesday. Sixth Street Specialty Lending has a 12-month low of $18.58 and a 12-month high of $25.17. The stock has a market capitalization of $2.09 billion, a P/E ratio of 11.02 and a beta of 0.85. The company has a 50-day simple moving average of $23.92 and a 200 day simple moving average of $22.91. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results 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. The firm had revenue of $115.00 million for the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. During the same period in the previous year, the business earned $0.58 earnings per share. Research analysts expect that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 91.54%.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc bought a new stake in Sixth Street Specialty Lending during the 1st quarter worth about $40,000. MTM Investment Management LLC acquired a new stake in shares of Sixth Street Specialty Lending during the 2nd quarter worth approximately $49,000. Rossby Financial LCC bought a new stake in shares of Sixth Street Specialty Lending during the first quarter worth approximately $62,000. Redmont Wealth Advisors LLC acquired a new position in Sixth Street Specialty Lending in the first quarter valued at approximately $97,000. Finally, First Horizon Advisors Inc. boosted its stake in Sixth Street Specialty Lending by 74.0% in the second quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 1,753 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Company Profile

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.