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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $22.79.

TSLX has been the subject of several research reports. Truist Financial increased their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their target price 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.

Institutional Investors Weigh In On Sixth Street Specialty Lending

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

Sixth Street Specialty Lending Price Performance

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

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. On average, analysts predict that Sixth Street Specialty Lending will post 2.22 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

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

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.