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 been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.50.

TSLX has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Wells Fargo & Company cut their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, December 24th. Finally, Keefe, Bruyette & Woods decreased their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX opened at $21.94 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of 10.75 and a beta of 0.70. Sixth Street Specialty Lending has a twelve month low of $18.58 and a twelve month high of $25.17. The company’s 50-day moving average price is $21.94 and its 200-day moving average price is $22.71. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.13.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $108.35 million. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.During the same quarter last year, the firm earned $0.57 earnings per share. On average, sell-side analysts forecast that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, December 15th. This represents a $0.12 annualized dividend and a yield of 0.5%. Sixth Street Specialty Lending’s dividend payout ratio is 90.20%.

Insider Activity at Sixth Street Specialty Lending

In other news, CEO Robert J. Stanley purchased 10,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of $20.85 per share, for a total transaction of $208,500.00. Following the acquisition, the chief executive officer directly owned 24,907 shares of the company’s stock, valued at approximately $519,310.95. The trade was a 67.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.22% of the company’s stock.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several large investors have recently bought and sold shares of TSLX. GC Wealth Management RIA LLC lifted its stake in Sixth Street Specialty Lending by 56.2% in the fourth quarter. GC Wealth Management RIA LLC now owns 21,870 shares of the financial services provider’s stock valued at $475,000 after buying an additional 7,870 shares during the last quarter. Comerica Bank increased its stake in Sixth Street Specialty Lending by 34.1% in the fourth quarter. Comerica Bank now owns 6,834 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 1,738 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Sixth Street Specialty Lending by 5.0% in the fourth quarter. D.A. Davidson & CO. now owns 191,676 shares of the financial services provider’s stock valued at $4,163,000 after buying an additional 9,085 shares during the last quarter. UBS Group AG raised its holdings in shares of Sixth Street Specialty Lending by 22.8% in the fourth quarter. UBS Group AG now owns 1,616,161 shares of the financial services provider’s stock valued at $35,103,000 after buying an additional 299,564 shares during the last quarter. Finally, Advisors Capital Management LLC boosted its stake in shares of Sixth Street Specialty Lending by 2.8% during the fourth quarter. Advisors Capital Management LLC now owns 767,489 shares of the financial services provider’s stock worth $16,670,000 after buying an additional 20,763 shares during the period. Institutional investors and hedge funds 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.