Sixth Street Specialty Lending (NYSE:TSLX) Rating Reiterated by JMP Securities

Sixth Street Specialty Lending (NYSE:TSLX)‘s stock had its “market outperform” rating reiterated by JMP Securities in a report released on Tuesday, Benzinga reports. They currently have a $22.50 price objective on the financial services provider’s stock. JMP Securities’ price objective suggests a potential upside of 5.91% from the stock’s previous close.

A number of other research firms have also recently weighed in on TSLX. Royal Bank of Canada lifted their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Wells Fargo & Company lifted their target price on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a research note on Monday, January 29th. Finally, Truist Financial lifted their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.60.

Sixth Street Specialty Lending Trading Up 1.1 %

Shares of TSLX stock opened at $21.25 on Tuesday. Sixth Street Specialty Lending has a 1 year low of $17.31 and a 1 year high of $22.35. The firm has a fifty day moving average price of $21.44 and a 200-day moving average price of $20.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 8.17 and a beta of 1.04.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Sixth Street Specialty Lending had a net margin of 50.69% and a return on equity of 13.67%. The firm had revenue of $119.50 million during the quarter, compared to the consensus estimate of $115.18 million. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, equities analysts predict that Sixth Street Specialty Lending will post 2.36 earnings per share for the current year.

Institutional Trading of Sixth Street Specialty Lending

Several hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth about $203,000. Legal & General Group Plc increased its holdings in shares of Sixth Street Specialty Lending by 7.0% in the 4th quarter. Legal & General Group Plc now owns 674,366 shares of the financial services provider’s stock worth $14,560,000 after buying an additional 43,839 shares during the last quarter. Comerica Bank increased its holdings in shares of Sixth Street Specialty Lending by 7.8% in the 4th quarter. Comerica Bank now owns 16,632 shares of the financial services provider’s stock worth $359,000 after buying an additional 1,197 shares during the last quarter. Greenwich Investment Management Inc. increased its holdings in shares of Sixth Street Specialty Lending by 3.7% in the 4th quarter. Greenwich Investment Management Inc. now owns 603,123 shares of the financial services provider’s stock worth $13,027,000 after buying an additional 21,250 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of Sixth Street Specialty Lending by 48.7% in the 4th quarter. Kestra Advisory Services LLC now owns 22,176 shares of the financial services provider’s stock worth $479,000 after buying an additional 7,261 shares during the last quarter. Hedge funds and other institutional investors 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.