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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $22.79.

Several brokerages have recently commented on TSLX. JPMorgan Chase & Co. raised their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price objective on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday. Truist Financial raised their price objective on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Institutional investors and hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $39,000. First Horizon Advisors Inc. grew its stake in shares of Sixth Street Specialty Lending by 25.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after buying an additional 465 shares in the last quarter. Quarry LP grew its stake 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 in the last quarter. Signaturefd LLC grew its stake in shares of Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after buying an additional 550 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $109,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Up 1.8 %

TSLX opened at $23.50 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending has a 1-year low of $19.50 and a 1-year high of $23.66. The company has a market capitalization of $2.20 billion, a PE ratio of 11.57 and a beta of 1.06. The firm’s 50 day simple moving average is $21.70 and its two-hundred day simple moving average is $21.08.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data 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 firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. As a group, equities analysts forecast that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a $0.07 dividend. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a yield of 7.06%. The ex-dividend date of this dividend is Friday, February 28th. Sixth Street Specialty Lending’s payout ratio is currently 90.64%.

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.