Sixth Street Specialty Lending (NYSE:TSLX) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Sixth Street Specialty Lending (NYSE:TSLX) had its price objective upped by Wells Fargo & Company from $21.00 to $23.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 3.35% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods lowered their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH raised 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending presently has an average rating of “Buy” and a consensus target price of $22.33.

Sixth Street Specialty Lending Trading Up 1.4 %

Sixth Street Specialty Lending stock opened at $22.26 on Wednesday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 10.80 and a beta of 1.05. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. The firm’s 50 day moving average price is $21.30 and its two-hundred day moving average price is $20.93. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $22.29.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, research analysts predict that Sixth Street Specialty Lending will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Hedge funds have recently bought and sold shares of the business. Cornerstone Wealth Management LLC increased its stake in Sixth Street Specialty Lending by 1.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider’s stock worth $984,000 after purchasing an additional 621 shares during the period. Platform Technology Partners lifted its holdings in Sixth Street Specialty Lending by 3.5% during the 4th quarter. Platform Technology Partners now owns 28,925 shares of the financial services provider’s stock valued at $616,000 after buying an additional 980 shares in the last quarter. Confluence Investment Management LLC boosted its position 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 valued at $5,350,000 after buying an additional 1,273 shares during the period. Barnett & Company Inc. grew its stake in 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 worth $596,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Sixth Street Specialty Lending by 6.3% during the third quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 1,441 shares during the period. 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.