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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.25.

Several research firms have recently weighed in on TSLX. Royal Bank Of Canada dropped their target price on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Wells Fargo & Company decreased their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. JPMorgan Chase & Co. cut their price objective on Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings downgraded Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Truist Financial decreased their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $18.09 on Wednesday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 9.99 and a beta of 0.70. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $21.11 and its two-hundred day moving average is $22.13. Sixth Street Specialty Lending has a 52-week low of $17.72 and a 52-week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.The company had revenue of $108.25 million during the quarter, compared to the consensus estimate of $107.11 million. During the same quarter last year, the firm posted $0.61 EPS. Analysts forecast that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, March 16th. Sixth Street Specialty Lending’s payout ratio is currently 101.66%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Harbor Investment Advisory LLC increased its holdings in shares of Sixth Street Specialty Lending by 673.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,508 shares during the period. MTM Investment Management LLC bought a new position in Sixth Street Specialty Lending in the 2nd quarter valued at about $49,000. Advisory Services Network LLC acquired a new position in Sixth Street Specialty Lending during the 3rd quarter valued at about $75,000. Redmont Wealth Advisors LLC acquired a new position in Sixth Street Specialty Lending during the 3rd quarter valued at about $79,000. Finally, First Horizon Advisors Inc. raised its position in shares of Sixth Street Specialty Lending by 74.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after buying an additional 1,753 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.