Citizens Jmp Reaffirms Market Outperform Rating for Sixth Street Specialty Lending (NYSE:TSLX)

Sixth Street Specialty Lending (NYSE:TSLX)‘s stock had its “market outperform” rating reiterated by Citizens Jmp in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $25.00 target price on the financial services provider’s stock. Citizens Jmp’s target price would indicate a potential upside of 34.01% from the stock’s previous close.

TSLX has been the subject of several other research reports. Keefe, Bruyette & Woods dropped their price target on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday. Truist Financial dropped their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, December 24th. JPMorgan Chase & Co. lowered their price target on Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company cut their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $22.50.

Sixth Street Specialty Lending Trading Down 3.1%

Sixth Street Specialty Lending stock opened at $18.66 on Wednesday. Sixth Street Specialty Lending has a 52-week low of $18.25 and a 52-week high of $25.17. The company has a market cap of $1.77 billion, a P/E ratio of 10.31 and a beta of 0.70. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. The business has a 50-day simple moving average of $21.35 and a two-hundred day simple moving average of $22.28.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. Sixth Street Specialty Lending had a net margin of 37.99% and a return on equity of 12.71%. The business had revenue of $108.25 million for the quarter, compared to the consensus estimate of $107.11 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several institutional investors and hedge funds have recently modified their holdings of TSLX. Harbor Investment Advisory LLC increased its holdings in Sixth Street Specialty Lending by 673.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,508 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at about $49,000. Advisory Services Network LLC purchased a new stake in shares of Sixth Street Specialty Lending during the third quarter worth about $75,000. Redmont Wealth Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending during the 3rd quarter worth about $79,000. Finally, First Horizon Advisors Inc. raised its position in shares of Sixth Street Specialty Lending by 74.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 1,753 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.