Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $22.60.

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a research note on Monday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $22.50 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Royal Bank of Canada upped their price objective on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Truist Financial upped their price objective on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th.

Sixth Street Specialty Lending Stock Performance

Sixth Street Specialty Lending stock opened at $20.91 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.93 billion, a PE ratio of 8.04 and a beta of 1.04. The firm has a fifty day simple moving average of $21.18 and a two-hundred day simple moving average of $21.03. Sixth Street Specialty Lending has a twelve month low of $17.31 and a twelve month high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The business had revenue of $119.50 million during the quarter, compared to the consensus estimate of $115.18 million. Sixth Street Specialty Lending had a net margin of 50.69% and a return on equity of 13.67%. During the same period in the previous year, the firm posted $0.65 earnings per share. Research analysts expect that Sixth Street Specialty Lending will post 2.35 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.53%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s payout ratio is currently 70.77%.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several hedge funds and other institutional investors have recently modified their holdings of TSLX. Community Bank N.A. grew its holdings in Sixth Street Specialty Lending by 50.0% in the fourth quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 500 shares during the period. BluePath Capital Management LLC purchased a new stake in Sixth Street Specialty Lending in the third quarter worth about $33,000. Coppell Advisory Solutions Corp. purchased a new stake in Sixth Street Specialty Lending in the fourth quarter worth about $42,000. Coppell Advisory Solutions LLC purchased a new stake in Sixth Street Specialty Lending in the second quarter worth about $45,000. Finally, Tower Research Capital LLC TRC grew its holdings in Sixth Street Specialty Lending by 576.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,281 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,944 shares during the period. 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.