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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $22.67.

Separately, 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 Thursday, August 15th.

Insider Activity

In other Sixth Street Specialty Lending news, Director Judy S. Slotkin acquired 7,015 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $19.90 per share, with a total value of $139,598.50. Following the transaction, the director now owns 18,726 shares of the company’s stock, valued at approximately $372,647.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Sixth Street Specialty Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Precision Wealth Strategies LLC increased its holdings in shares of Sixth Street Specialty Lending by 5.7% in the first quarter. Precision Wealth Strategies LLC now owns 10,030 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 537 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in Sixth Street Specialty Lending by 1.7% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider’s stock valued at $788,000 after buying an additional 627 shares during the period. Register Financial Advisors LLC raised its position in Sixth Street Specialty Lending by 15.5% during the 1st quarter. Register Financial Advisors LLC now owns 7,574 shares of the financial services provider’s stock worth $162,000 after buying an additional 1,018 shares during the last quarter. Mirador Capital Partners LP lifted its stake in shares of Sixth Street Specialty Lending by 2.9% in the 1st quarter. Mirador Capital Partners LP now owns 37,111 shares of the financial services provider’s stock worth $795,000 after acquiring an additional 1,037 shares during the period. Finally, Worth Asset Management LLC boosted its holdings in shares of 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 in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Down 0.8 %

Shares of NYSE:TSLX opened at $20.70 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. Sixth Street Specialty Lending has a fifty-two week low of $19.02 and a fifty-two week high of $22.35. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 8.35 and a beta of 1.06. The firm’s 50 day moving average price is $21.04 and its 200 day moving average price is $21.19.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $121.82 million for the quarter, compared to the consensus estimate of $120.33 million. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. During the same quarter in the prior year, the business posted $0.58 EPS. As a group, equities research analysts predict that Sixth Street Specialty Lending will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.46 per share. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, September 16th. This represents a $1.84 annualized dividend and a yield of 8.89%. Sixth Street Specialty Lending’s payout ratio is 74.19%.

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.