Citizens Jmp Issues Pessimistic Forecast for Sixth Street Specialty Lending (NYSE:TSLX) Stock Price

Sixth Street Specialty Lending (NYSE:TSLX) had its price objective lowered by investment analysts at Citizens Jmp from $25.00 to $24.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s price objective would indicate a potential upside of 29.21% from the company’s current price.

TSLX has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their target price 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. Wells Fargo & Company cut their target price on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings cut Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Royal Bank Of Canada dropped their price objective on 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. Finally, Truist Financial dropped their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.81.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $18.57 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.83. Sixth Street Specialty Lending has a one year low of $16.99 and a one year high of $25.17. The firm has a market capitalization of $1.76 billion, a P/E ratio of 10.26 and a beta of 0.66. The business has a fifty day moving average of $18.33 and a 200 day moving average of $20.53.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.30 earnings per share (EPS) 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 period in the prior year, the firm posted $0.61 EPS. As a group, sell-side analysts anticipate that Sixth Street Specialty Lending will post 1.97 EPS for the current year.

Insider Buying and Selling at Sixth Street Specialty Lending

In related news, VP Alan Waxman acquired 200,000 shares of Sixth Street Specialty Lending stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $18.18 per share, for a total transaction of $3,636,000.00. Following the purchase, the vice president owned 500,000 shares of the company’s stock, valued at approximately $9,090,000. This represents a 66.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible 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.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several institutional investors and hedge funds have recently modified their holdings of TSLX. 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 stake in shares of 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 acquiring an additional 506 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Sixth Street Specialty Lending by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock valued at $218,000 after buying an additional 532 shares during the last quarter. IFG Advisory LLC increased its holdings in Sixth Street Specialty Lending by 2.7% in the third quarter. IFG Advisory LLC now owns 21,159 shares of the financial services provider’s stock valued at $484,000 after buying an additional 551 shares during the last quarter. Finally, Family Wealth Partners LLC increased its holdings 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 valued at $540,000 after buying an additional 602 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.