Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $21.94 Average Price Target from Analysts

by · The Cerbat Gem

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Free Report) have earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $21.9375.

A number of brokerages have recently issued reports on TSLX. JPMorgan Chase & Co. lowered their price target on Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Royal Bank Of Canada decreased their price target 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. Wells Fargo & Company decreased their price target on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 17th. Citizens Jmp reissued 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. Finally, Weiss Ratings downgraded shares of Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th.

View Our Latest Research Report on TSLX

Insider Activity at Sixth Street Specialty Lending

In related news, VP Alan Waxman purchased 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $18.47 per share, with a total value of $831,150.00. Following the completion of the acquisition, the vice president owned 545,000 shares in the company, valued at $10,066,150. This trade represents a 9.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased a total of 545,000 shares of company stock valued at $9,997,150 over the last ninety days. 3.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its holdings in 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 valued at $38,000 after buying an additional 1,508 shares during the period. Advisory Services Network LLC acquired a new stake in Sixth Street Specialty Lending in the 3rd quarter valued at approximately $75,000. Redmont Wealth Advisors LLC acquired a new stake in Sixth Street Specialty Lending in the 3rd quarter valued at approximately $79,000. State of Alaska Department of Revenue acquired a new stake in Sixth Street Specialty Lending in the 3rd quarter valued at approximately $98,000. Finally, Farther Finance Advisors LLC increased its holdings in Sixth Street Specialty Lending by 604.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,700 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 4,033 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE:TSLX opened at $19.23 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.83. The business’s 50 day moving average price is $18.41 and its 200-day moving average price is $20.58. The firm has a market capitalization of $1.83 billion, a PE ratio of 10.62 and a beta of 0.66. Sixth Street Specialty Lending has a 1 year low of $16.99 and a 1 year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last issued its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.30 earnings per share (EPS) 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 in the prior year, the firm earned $0.61 earnings per share. As a group, equities research analysts expect that Sixth Street Specialty Lending will post 1.97 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

About Sixth Street Specialty Lending

(Get Free Report)

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.

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