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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.07.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Royal Bank of Canada lifted their price target on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TSLX. First National Trust Co boosted its holdings in shares of Sixth Street Specialty Lending by 145.8% in the 3rd quarter. First National Trust Co now owns 116,922 shares of the financial services provider’s stock valued at $2,400,000 after buying an additional 69,348 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Sixth Street Specialty Lending by 12.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 355,434 shares of the financial services provider’s stock valued at $7,297,000 after buying an additional 40,330 shares during the period. Barnett & Company Inc. boosted its holdings in shares of Sixth Street Specialty Lending by 4.7% in the 3rd quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock valued at $596,000 after buying an additional 1,300 shares during the period. MQS Management LLC acquired a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at about $749,000. Finally, Muzinich & Co. Inc. boosted its holdings in shares of Sixth Street Specialty Lending by 12.4% in the 3rd quarter. Muzinich & Co. Inc. now owns 366,410 shares of the financial services provider’s stock valued at $7,522,000 after buying an additional 40,330 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $22.09 on Wednesday. The company’s fifty day simple moving average is $22.21 and its 200-day simple moving average is $21.30. Sixth Street Specialty Lending has a 52 week low of $19.50 and a 52 week high of $23.67. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The company has a market cap of $2.07 billion, a PE ratio of 10.88 and a beta of 1.08.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. As a group, equities research analysts anticipate that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a dividend yield of 6.99%. Sixth Street Specialty Lending’s payout ratio is 90.64%.

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.