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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.9375.

A number of research firms recently weighed in on TSLX. Citizens Jmp reaffirmed a “market outperform” rating and set a $25.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Wells Fargo & Company decreased their price target on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. JPMorgan Chase & Co. lowered their price objective on Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Finally, Truist Financial dropped their price objective on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th.

Sixth Street Specialty Lending Stock Down 2.2%

Shares of NYSE TSLX opened at $17.78 on Friday. 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 company has a market cap of $1.68 billion, a P/E ratio of 9.82 and a beta of 0.73. Sixth Street Specialty Lending has a 52 week low of $16.99 and a 52 week high of $25.17. The business has a 50-day simple moving average of $19.83 and a two-hundred day simple moving average of $21.38.

Sixth Street Specialty Lending (NYSE:TSLX) last announced 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 net margin of 37.99% and a return on equity of 12.71%. The company had revenue of $108.25 million for the quarter, compared to the consensus estimate of $107.11 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. Research analysts anticipate that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 101.66%.

Insider Activity

In other Sixth Street Specialty Lending news, VP Alan Waxman acquired 45,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $18.47 per share, with a total value of $831,150.00. Following the completion of the acquisition, the vice president owned 545,000 shares of the company’s stock, valued at $10,066,150. This trade represents a 9.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders bought 545,000 shares of company stock worth $9,997,150. Company insiders own 3.22% of the company’s stock.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC grew its stake in Sixth Street Specialty Lending by 2.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 23,369 shares of the financial services provider’s stock worth $534,000 after buying an additional 505 shares in the last quarter. Lido Advisors LLC raised its position in shares of Sixth Street Specialty Lending by 1.2% during the 4th quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock valued at $958,000 after buying an additional 506 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Sixth Street Specialty Lending by 5.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 532 shares during the last quarter. IFG Advisory LLC lifted its holdings in shares of Sixth Street Specialty Lending by 2.7% during the 3rd quarter. IFG Advisory LLC now owns 21,159 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 551 shares during the last quarter. Finally, Family Wealth Partners LLC grew its position in Sixth Street Specialty Lending by 2.5% in the fourth quarter. Family Wealth Partners LLC now owns 24,867 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 602 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.