Wall Street Zen Downgrades Sixth Street Specialty Lending (NYSE:TSLX) to Sell

Sixth Street Specialty Lending (NYSE:TSLX) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other research firms have also weighed in on TSLX. Royal Bank Of Canada decreased their target price on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Keefe, Bruyette & Woods dropped their price target on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $25.00 price target on shares of Sixth Street Specialty Lending in a report on Wednesday, February 18th. Wells Fargo & Company reduced their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Finally, Weiss Ratings lowered Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $18.33 on Friday. The firm has a 50-day simple moving average of $20.56 and a 200-day simple moving average of $21.79. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.13 and a beta of 0.73. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. Sixth Street Specialty Lending has a 52 week low of $16.99 and a 52 week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $108.25 million during the quarter, compared to analysts’ expectations of $107.11 million. During the same period in the prior year, the business posted $0.61 earnings per share. On average, equities analysts predict that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Institutional Trading of Sixth Street Specialty Lending

Several institutional investors have recently made changes to their positions in the company. Texas Yale Capital Corp. grew its position in Sixth Street Specialty Lending by 1.4% in the second quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock worth $845,000 after acquiring an additional 500 shares during the period. Chicago Partners Investment Group LLC raised its position in Sixth Street Specialty Lending by 2.2% in the third quarter. Chicago Partners Investment Group LLC now owns 23,369 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 505 shares during the period. Lido Advisors LLC raised its position in Sixth Street Specialty Lending by 1.2% in the fourth quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 506 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Sixth Street Specialty Lending by 5.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 532 shares during the last quarter. Finally, IFG Advisory LLC lifted its stake in shares of Sixth Street Specialty Lending by 2.7% in the 3rd quarter. IFG Advisory LLC now owns 21,159 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 551 shares during the last quarter. Hedge funds and other 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 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.