Sixth Street Specialty Lending (NYSE:TSLX) Price Target Raised to $23.00 at Keefe, Bruyette & Woods

Sixth Street Specialty Lending (NYSE:TSLX) had its target price increased by Keefe, Bruyette & Woods from $21.50 to $23.00 in a research note published on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.79.

Sixth Street Specialty Lending Trading Up 0.5 %

NYSE TSLX opened at $23.08 on Tuesday. The firm has a market capitalization of $2.15 billion, a PE ratio of 11.20 and a beta of 1.06. Sixth Street Specialty Lending has a one year low of $19.50 and a one year high of $23.15. The company has a 50-day simple moving average of $21.60 and a 200-day simple moving average of $21.03. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. On average, equities analysts forecast that Sixth Street Specialty Lending will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.21%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 14th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

Institutional Trading of Sixth Street Specialty Lending

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in Sixth Street Specialty Lending in the fourth quarter worth $39,000. First Horizon Advisors Inc. raised its stake in shares of Sixth Street Specialty Lending by 25.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 465 shares during the period. Quarry LP boosted its holdings in shares of Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,238 shares during the last quarter. Signaturefd LLC grew its position in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock valued at $100,000 after buying an additional 550 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in Sixth Street Specialty Lending during the fourth quarter valued at about $109,000. 70.25% of the stock is owned by institutional investors.

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.