Investment Analysts’ Recent Ratings Updates for Sixth Street Specialty Lending (TSLX)

Sixth Street Specialty Lending (NYSE: TSLX) has recently received a number of price target changes and ratings updates:

• 2/26/2025 – Sixth Street Specialty Lending had its price target raised by analysts at Royal Bank of Canada from $23.00 to $25.00. They now have an “outperform” rating on the stock.
• 2/18/2025 – Sixth Street Specialty Lending had its price target raised by analysts at JPMorgan Chase & Co. from $22.50 to $23.00. They now have an “overweight” rating on the stock.
• 2/18/2025 – Sixth Street Specialty Lending had its price target raised by analysts at Keefe, Bruyette & Woods from $21.50 to $23.00. They now have an “outperform” rating on the stock.
• 2/18/2025 – Sixth Street Specialty Lending had its price target raised by analysts at Truist Financial Co. from $23.00 to $24.00. They now have a “buy” rating on the stock.
• 2/14/2025 – Sixth Street Specialty Lending was downgraded by analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating.
• 1/29/2025 – Sixth Street Specialty Lending had its price target raised by analysts at Wells Fargo & Company from $21.00 to $23.00. They now have an “overweight” rating on the stock.

Sixth Street Specialty Lending Price Performance

NYSE:TSLX opened at $23.37 on Tuesday. The business’s 50-day simple moving average is $22.06 and its two-hundred day simple moving average is $21.23. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $23.67. The stock has a market cap of $2.19 billion, a PE ratio of 11.51 and a beta of 1.06. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18.

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

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.07 per share. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a dividend yield of 6.99%. The ex-dividend date of this dividend is Friday, February 28th. Sixth Street Specialty Lending’s dividend payout ratio is currently 90.64%.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Several large investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in Sixth Street Specialty Lending by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock valued at $50,972,000 after purchasing an additional 103,634 shares during the last quarter. Progeny 3 Inc. raised its position in shares of Sixth Street Specialty Lending by 6.1% during the 4th quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider’s stock valued at $50,921,000 after buying an additional 137,906 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Sixth Street Specialty Lending by 5.6% in the 4th quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider’s stock valued at $49,104,000 after acquiring an additional 122,312 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of Sixth Street Specialty Lending by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider’s stock valued at $46,700,000 after acquiring an additional 37,442 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Sixth Street Specialty Lending by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider’s stock worth $25,201,000 after acquiring an additional 33,026 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

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.