Sixth Street Specialty Lending (NYSE:TSLX) Cut to “Neutral” at LADENBURG THALM/SH SH

Sixth Street Specialty Lending (NYSE:TSLX) was downgraded by equities research analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a research note issued on Friday, Marketbeat reports.

TSLX has been the topic of a number of other reports. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Sixth Street Specialty Lending Trading Up 2.2 %

TSLX opened at $22.97 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The company’s 50 day simple moving average is $21.57 and its two-hundred day simple moving average is $21.02. Sixth Street Specialty Lending has a 1-year low of $19.50 and a 1-year high of $23.15. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.15 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Analysts expect that Sixth Street Specialty Lending will post 2.31 EPS for the current fiscal year.

Institutional Trading of Sixth Street Specialty Lending

Institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont acquired a new stake in Sixth Street Specialty Lending in the 4th quarter valued at approximately $39,000. First Horizon Advisors Inc. increased its holdings in Sixth Street Specialty Lending by 25.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 465 shares during the last quarter. Quarry LP increased its holdings in Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 3,238 shares during the last quarter. Signaturefd LLC increased its holdings in Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 550 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth $109,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.