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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $23.5556.

Several equities research analysts recently commented on the company. JMP Securities raised their target price on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $24.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st.

Sixth Street Specialty Lending Price Performance

NYSE:TSLX opened at $21.85 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. The stock’s 50-day simple moving average is $23.24 and its 200 day simple moving average is $22.87. The company has a market cap of $2.06 billion, a P/E ratio of 10.87 and a beta of 0.85. Sixth Street Specialty Lending has a 52-week low of $18.58 and a 52-week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $115.00 million during the quarter, compared to the consensus estimate of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same period in the previous year, the company posted $0.58 EPS. As a group, sell-side analysts forecast that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is 91.54%.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Texas Yale Capital Corp. raised its position in shares of Sixth Street Specialty Lending by 1.4% during the 2nd quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock valued at $845,000 after purchasing an additional 500 shares during the period. Mallini Complete Financial Planning LLC raised its position in shares of Sixth Street Specialty Lending by 4.5% during the 1st quarter. Mallini Complete Financial Planning LLC now owns 13,028 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 558 shares during the period. Mirador Capital Partners LP raised its position in shares of Sixth Street Specialty Lending by 4.4% during the 2nd quarter. Mirador Capital Partners LP now owns 21,920 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 919 shares during the period. Union Bancaire Privee UBP SA increased its holdings in Sixth Street Specialty Lending by 5.1% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 19,319 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 935 shares during the last quarter. Finally, Barnett & Company Inc. increased its holdings in Sixth Street Specialty Lending by 3.4% in the 1st quarter. Barnett & Company Inc. now owns 30,050 shares of the financial services provider’s stock valued at $673,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.