Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Has Consensus Price Target of $19.83 According to Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.83.

TSLX has been the topic of a number of research reports. Wall Street Zen raised shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an “outperform” rating in a report on Monday, August 10th. Zacks Research raised shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at $7,484,000. Melia Wealth LLC acquired a new position in Sixth Street Specialty Lending in the second quarter valued at $8,350,000. IFP Advisors Inc lifted its position in Sixth Street Specialty Lending by 30.6% during the second quarter. IFP Advisors Inc now owns 305,604 shares of the financial services provider’s stock worth $5,247,000 after buying an additional 71,693 shares during the period. Lazard Asset Management LLC purchased a new position in Sixth Street Specialty Lending during the first quarter worth about $2,809,000. Finally, Bank of America Corp DE purchased a new position in Sixth Street Specialty Lending during the second quarter worth about $13,126,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Up 0.2%

Sixth Street Specialty Lending stock opened at $17.15 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 9.83 and a current ratio of 9.83. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 18.05 and a beta of 0.62. Sixth Street Specialty Lending has a fifty-two week low of $16.04 and a fifty-two week high of $23.19. The stock’s fifty day moving average is $18.24 and its two-hundred day moving average is $17.84.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $97.84 million during the quarter, compared to analysts’ expectations of $95.28 million. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%. During the same quarter last year, the business posted $0.56 earnings per share. Analysts predict that Sixth Street Specialty Lending will post 1.74 EPS for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 9.8%. The ex-dividend date was Tuesday, September 15th. Sixth Street Specialty Lending’s payout ratio is currently 176.84%.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc (NYSE:TSLX) is a business development company (BDC) that provides financing to established middle-market companies. The company primarily invests in privately originated debt, including first-lien senior secured loans, second-lien loans, subordinated debt and other credit investments. It may also make select equity investments in connection with its lending activities.

Sixth Street Specialty Lending generally focuses on companies with experienced management teams, strong market positions and established operating histories.