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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is $22.00.

A number of equities analysts recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Keefe, Bruyette & Woods reduced their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th.

Sixth Street Specialty Lending Stock Up 0.0 %

TSLX stock opened at $21.65 on Tuesday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average of $21.08 and a 200 day moving average of $20.91. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $22.35. The firm has a market cap of $2.02 billion, a PE ratio of 10.51 and a beta of 1.05.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $119.22 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.60 EPS. On average, research analysts forecast that Sixth Street Specialty Lending will post 2.31 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a $0.05 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of hedge funds have recently modified their holdings of TSLX. Confluence Investment Management LLC increased its holdings in Sixth Street Specialty Lending by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider’s stock worth $5,350,000 after acquiring an additional 1,273 shares in the last quarter. Barnett & Company Inc. increased its stake in shares of Sixth Street Specialty Lending by 4.7% in the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 1,300 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Sixth Street Specialty Lending by 6.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider’s stock valued at $502,000 after buying an additional 1,441 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Sixth Street Specialty Lending by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,376 shares of the financial services provider’s stock worth $371,000 after buying an additional 1,660 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in Sixth Street Specialty Lending in the 4th quarter worth $39,000. Institutional investors own 70.25% of the company’s stock.

About Sixth Street Specialty Lending

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.