Sixth Street Specialty Lending (NYSE:TSLX) Given New $17.50 Price Target at JPMorgan Chase & Co.

Sixth Street Specialty Lending (NYSE:TSLX) had its price target dropped by analysts at JPMorgan Chase & Co. from $18.50 to $17.50 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 2.15% from the company’s current price.

A number of other brokerages have also recently issued reports on TSLX. Weiss Ratings cut shares of Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Truist Financial dropped their price target on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their price target on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday. Citizens Jmp dropped their price target on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sixth Street Specialty Lending presently has an average rating of “Moderate Buy” and a consensus target price of $20.29.

Sixth Street Specialty Lending Stock Down 0.1%

Sixth Street Specialty Lending stock traded down $0.03 during mid-day trading on Thursday, reaching $17.89. The stock had a trading volume of 851,317 shares, compared to its average volume of 929,485. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 15.55 and a beta of 0.65. The company has a 50-day moving average price of $18.35 and a two-hundred day moving average price of $20.39. Sixth Street Specialty Lending has a one year low of $16.99 and a one year high of $25.17. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.83.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The firm had revenue of $93.40 million during the quarter, compared to the consensus estimate of $103.14 million. Sixth Street Specialty Lending had a return on equity of 11.79% and a net margin of 25.25%.During the same quarter in the previous year, the firm earned $0.58 EPS. On average, analysts expect that Sixth Street Specialty Lending will post 1.97 EPS for the current fiscal year.

Insider Transactions at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, VP Alan Waxman acquired 200,000 shares of the stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $18.18 per share, for a total transaction of $3,636,000.00. Following the purchase, the vice president directly owned 500,000 shares of the company’s stock, valued at approximately $9,090,000. This trade represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have bought 545,000 shares of company stock worth $9,997,150. 3.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several institutional investors have recently made changes to their positions in TSLX. Independent Financial Group LLC bought a new stake in Sixth Street Specialty Lending during the 1st quarter worth approximately $1,114,000. D.A. Davidson & CO. raised its stake in Sixth Street Specialty Lending by 4.7% during the 1st quarter. D.A. Davidson & CO. now owns 200,594 shares of the financial services provider’s stock worth $3,687,000 after acquiring an additional 8,918 shares during the period. Diversify Wealth Management LLC bought a new stake in Sixth Street Specialty Lending during the 1st quarter worth approximately $729,000. Fifth Third Bancorp bought a new stake in Sixth Street Specialty Lending during the 1st quarter worth approximately $63,000. Finally, Whipplewood Advisors LLC raised its stake in Sixth Street Specialty Lending by 177.5% during the 1st quarter. Whipplewood Advisors LLC now owns 27,244 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 17,428 shares during the period. Institutional investors own 70.25% of the company’s stock.

More Sixth Street Specialty Lending News

Here are the key news stories impacting Sixth Street Specialty Lending this week:

• Positive Sentiment: Company declared a quarterly dividend of $0.42 per share (annualized yield ~9.4%), payable June 30; that cash return was highlighted in the company release and media coverage. Business Wire: Dividend & Q1 Release MSN: Dividend
• Neutral Sentiment: Company provided Q1 presentation and earnings-call transcript (useful for detail on portfolio and cash flows for investors doing due diligence). Earnings Call Transcript Slide Deck
• Negative Sentiment: Q1 results missed expectations: EPS $0.42 vs. $0.49 consensus and revenue $93.4M vs. $103.1M, with earnings down versus prior year — a clear driver of selling pressure. MarketBeat: Q1 Results Zacks: Earnings Miss
• Negative Sentiment: Analyst notes and research highlighted credit-quality deterioration and coverage concerns (articles flagged a rise in worst-performing assets and pressure on interest revenue), amplifying downside risk. Seeking Alpha: Credit/Dividend Concerns
• Negative Sentiment: Multiple brokers trimmed price targets today (RBC $22?$20, Keefe Bruyette & Woods $21?$18.50, Truist $22?$20, Wells Fargo $20?$19) — all kept buy/outperform ratings but the lower targets reflect reduced near-term upside and likely contributed to selling. Benzinga: Analyst Notes TickerReport: Truist Note

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.