Sixth Street Specialty Lending (NYSE:TSLX) Stock Price Expected to Rise, Truist Financial Analyst Says

Sixth Street Specialty Lending (NYSE:TSLX) had its price target hoisted by research analysts at Truist Financial from $23.00 to $24.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target would indicate a potential upside of 3.98% from the stock’s previous close.

A number of other equities research analysts have also weighed in on TSLX. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods lifted their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a report on Tuesday. LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company boosted their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.79.

Sixth Street Specialty Lending Trading Up 0.5 %

Shares of NYSE:TSLX traded up $0.12 during trading hours on Tuesday, hitting $23.08. 496,902 shares of the company’s stock traded hands, compared to its average volume of 300,283. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The business has a fifty day moving average price of $21.60 and a 200-day moving average price of $21.03. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $23.15. The firm has a market capitalization of $2.15 billion, a P/E ratio of 11.20 and a beta of 1.06.

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. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Equities analysts expect that Sixth Street Specialty Lending will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of large investors have recently modified their holdings of the business. Burgundy Asset Management Ltd. raised its holdings in shares of Sixth Street Specialty Lending by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider’s stock worth $46,700,000 after purchasing an additional 37,442 shares during the last quarter. Principal Street Partners LLC acquired a new stake in Sixth Street Specialty Lending in the 4th quarter valued at $306,000. Tidal Investments LLC lifted its stake in Sixth Street Specialty Lending by 2.3% in the 4th quarter. Tidal Investments LLC now owns 52,051 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 1,168 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Sixth Street Specialty Lending by 16.0% in the fourth quarter. ProShare Advisors LLC now owns 18,086 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 2,489 shares in the last quarter. Finally, Progeny 3 Inc. boosted its stake in shares of Sixth Street Specialty Lending by 6.1% in the fourth quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider’s stock worth $50,921,000 after acquiring an additional 137,906 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.