Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $22.25.

Several brokerages have commented on TSLX. Citizens Jmp restated a “market outperform” rating and issued a $25.00 price target on shares of Sixth Street Specialty Lending in a research note on Wednesday, February 18th. Weiss Ratings cut Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods cut their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. JPMorgan Chase & Co. decreased their price target on Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada cut their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC raised its stake in shares of Sixth Street Specialty Lending by 673.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after buying an additional 1,508 shares in the last quarter. MTM Investment Management LLC bought a new stake in Sixth Street Specialty Lending in the second quarter worth about $49,000. Advisory Services Network LLC bought a new stake in Sixth Street Specialty Lending in the third quarter worth about $75,000. Redmont Wealth Advisors LLC acquired a new stake in Sixth Street Specialty Lending in the 3rd quarter valued at about $79,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Sixth Street Specialty Lending by 74.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,753 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $17.34 on Wednesday. The firm has a fifty day moving average of $20.89 and a 200-day moving average of $22.00. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 9.58 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.83 and a current ratio of 2.83. Sixth Street Specialty Lending has a 1 year low of $17.28 and a 1 year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). The firm had revenue of $108.25 million during the quarter, compared to analyst estimates of $107.11 million. Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.During the same period last year, the business earned $0.61 EPS. As a group, equities analysts anticipate that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.01 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 101.66%.

About Sixth Street Specialty Lending

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.