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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $22.79.

TSLX has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday. Truist Financial upped their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $23.09 on Friday. Sixth Street Specialty Lending has a fifty-two week low of $19.50 and a fifty-two week high of $23.15. The business has a 50 day moving average price of $21.67 and a two-hundred day moving average price of $21.07. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The firm has a market cap of $2.16 billion, a PE ratio of 11.37 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. Sell-side analysts expect that Sixth Street Specialty Lending will post 2.22 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.05. Sixth Street Specialty Lending’s payout ratio is currently 90.64%.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in shares of Sixth Street Specialty Lending by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock worth $50,972,000 after acquiring an additional 103,634 shares during the period. Progeny 3 Inc. lifted its stake in Sixth Street Specialty Lending by 6.1% during the fourth quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider’s stock worth $50,921,000 after purchasing an additional 137,906 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Sixth Street Specialty Lending by 5.6% during the fourth quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider’s stock worth $49,104,000 after purchasing an additional 122,312 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Sixth Street Specialty Lending by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider’s stock worth $46,700,000 after buying an additional 37,442 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Sixth Street Specialty Lending by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider’s stock worth $25,201,000 after buying an additional 33,026 shares in the last quarter. 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 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.