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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $22.00.

TSLX has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods dropped their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research report on Thursday, November 7th.

Institutional Trading of Sixth Street Specialty Lending

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in Sixth Street Specialty Lending by 5.8% during the first quarter. Tidal Investments LLC now owns 43,235 shares of the financial services provider’s stock worth $927,000 after purchasing an additional 2,368 shares during the last quarter. Comerica Bank boosted its holdings in shares of Sixth Street Specialty Lending by 9.1% in the 1st quarter. Comerica Bank now owns 18,142 shares of the financial services provider’s stock valued at $389,000 after buying an additional 1,510 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Sixth Street Specialty Lending by 41.8% in the 1st quarter. Cetera Investment Advisers now owns 335,514 shares of the financial services provider’s stock valued at $7,190,000 after buying an additional 98,855 shares during the last quarter. Cetera Advisors LLC raised its stake in Sixth Street Specialty Lending by 811.5% during the 1st quarter. Cetera Advisors LLC now owns 136,262 shares of the financial services provider’s stock worth $2,920,000 after acquiring an additional 121,312 shares in the last quarter. Finally, Worth Asset Management LLC lifted its position in Sixth Street Specialty Lending by 7.9% in the second quarter. Worth Asset Management LLC now owns 14,156 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 1,037 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Up 1.4 %

Shares of TSLX stock opened at $21.48 on Monday. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $22.35. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 10.43 and a beta of 1.06. The company’s 50-day moving average price is $20.54 and its 200-day moving average price is $20.98. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same period in the previous year, the business posted $0.60 EPS. As a group, equities analysts predict that Sixth Street Specialty Lending will post 2.32 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.05 per share. This represents a yield of 7.59%. The ex-dividend date is Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

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.