Sixth Street Specialty Lending, Inc. (TSLX) – What Are Researchers Thinking About This Stock?

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.71.

A number of research analysts have recently commented on TSLX shares. Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings downgraded Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Keefe, Bruyette & Woods boosted their target price on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, B. Riley Financial restated a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Sixth Street Specialty Lending in a report on Friday.

Sixth Street Specialty Lending Trading Down 0.1%

Sixth Street Specialty Lending stock opened at $17.64 on Monday. Sixth Street Specialty Lending has a one year low of $16.04 and a one year high of $22.84. The company’s fifty day moving average price is $17.77 and its two-hundred day moving average price is $18.15. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 21.00 and a beta of 0.61.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $98.96 million during the quarter, compared to analysts’ expectations of $97.59 million. Sixth Street Specialty Lending had a return on equity of 10.94% and a net margin of 19.81%. On average, analysts forecast that Sixth Street Specialty Lending will post 1.74 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.5%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 200.00%.

Institutional Trading of Sixth Street Specialty Lending

Institutional investors and hedge funds have recently modified their holdings of the company. Quantum Portfolio Management LLC bought a new position in Sixth Street Specialty Lending in the 1st quarter worth approximately $273,434,000. Van ECK Associates Corp lifted its holdings in shares of Sixth Street Specialty Lending by 28.1% during the second quarter. Van ECK Associates Corp now owns 2,366,266 shares of the financial services provider’s stock worth $40,629,000 after buying an additional 519,456 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of Sixth Street Specialty Lending by 318.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 1,961,813 shares of the financial services provider’s stock valued at $36,058,000 after acquiring an additional 1,492,704 shares during the period. Callodine Capital Management LP boosted its position in shares of Sixth Street Specialty Lending by 2.5% in the first quarter. Callodine Capital Management LP now owns 1,129,520 shares of the financial services provider’s stock valued at $20,761,000 after acquiring an additional 27,528 shares during the period. Finally, Tectonic Advisors LLC boosted its position in shares of Sixth Street Specialty Lending by 16.0% in the third quarter. Tectonic Advisors LLC now owns 980,705 shares of the financial services provider’s stock valued at $17,672,000 after acquiring an additional 135,502 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc is a business development company (BDC) that provides financing to middle-market companies. The company primarily invests in privately negotiated debt and equity investments, with a focus on supporting businesses that may have limited access to traditional bank financing.

Its investment portfolio generally includes first-lien and second-lien loans, unitranche financing, mezzanine debt, and related equity investments. Sixth Street Specialty Lending seeks to generate income through interest payments and other investment returns while providing customized financing solutions for acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate purposes.

The company was formed in 2011 and is externally managed by an affiliate of Sixth Street, an investment firm focused on credit and other asset classes.