Royal Bank Of Canada Issues Pessimistic Forecast for Sixth Street Specialty Lending (NYSE:TSLX) Stock Price

Sixth Street Specialty Lending (NYSE:TSLX) had its price target cut by research analysts at Royal Bank Of Canada from $24.00 to $22.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 21.11% from the company’s previous close.

Several other equities analysts have also recently issued reports on TSLX. 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 note on Tuesday. Keefe, Bruyette & Woods reduced their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Truist Financial decreased their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Citizens Jmp reiterated a “market outperform” rating and set a $25.00 price objective on shares of Sixth Street Specialty Lending in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Sixth Street Specialty Lending Stock Down 2.8%

Shares of Sixth Street Specialty Lending stock opened at $18.17 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 firm has a market cap of $1.72 billion, a P/E ratio of 10.04 and a beta of 0.70. Sixth Street Specialty Lending has a fifty-two week low of $18.07 and a fifty-two week high of $25.17. The business has a 50-day moving average price of $21.26 and a 200 day moving average price of $22.23.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Thursday, February 12th. The financial services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $108.25 million for the quarter, compared to the consensus estimate of $107.11 million. Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.During the same quarter last year, the business posted $0.61 EPS. On average, sell-side analysts forecast that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TSLX. Harbor Investment Advisory LLC boosted its position 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 worth $38,000 after buying an additional 1,508 shares during the period. MTM Investment Management LLC bought a new stake in Sixth Street Specialty Lending during the 2nd quarter valued at $49,000. Advisory Services Network LLC bought a new stake in Sixth Street Specialty Lending during the 3rd quarter valued at $75,000. Redmont Wealth Advisors LLC acquired a new position in Sixth Street Specialty Lending during the 3rd quarter worth $79,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Sixth Street Specialty Lending by 74.0% in the second quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 1,753 shares in the last quarter. 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.