Sixth Street Specialty Lending (NYSE:TSLX) PT Lowered to $23.00

Sixth Street Specialty Lending (NYSE:TSLX) had its target price cut by equities researchers at Keefe, Bruyette & Woods from $23.50 to $23.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 9.32% from the stock’s current price.

Several other equities research analysts have also issued reports on TSLX. Truist Financial increased their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Wells Fargo & Company lifted their target price on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a report on Monday, January 29th. JMP Securities reissued a “market outperform” rating and issued a $22.50 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada lifted their price target 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX opened at $21.04 on Monday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 8.48 and a beta of 1.03. The company’s 50 day moving average price is $21.08 and its 200-day moving average price is $21.15. Sixth Street Specialty Lending has a 52 week low of $17.31 and a 52 week high of $22.35. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.14.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Friday, February 16th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. The business had revenue of $119.50 million during the quarter, compared to the consensus estimate of $115.18 million. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, equities research analysts forecast that Sixth Street Specialty Lending will post 2.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sixth Street Specialty Lending

A number of hedge funds have recently bought and sold shares of TSLX. Raymond James Financial Services Advisors Inc. raised its position in shares of Sixth Street Specialty Lending by 19.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 536,593 shares of the financial services provider’s stock worth $11,590,000 after purchasing an additional 88,236 shares during the last quarter. UBS Group AG lifted its position in shares of Sixth Street Specialty Lending by 13.3% in the third quarter. UBS Group AG now owns 460,440 shares of the financial services provider’s stock valued at $9,411,000 after acquiring an additional 53,871 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Sixth Street Specialty Lending by 7.1% during the third quarter. Van ECK Associates Corp now owns 1,446,198 shares of the financial services provider’s stock worth $29,560,000 after purchasing an additional 95,269 shares in the last quarter. Stifel Financial Corp raised its stake in Sixth Street Specialty Lending by 17.9% in the 3rd quarter. Stifel Financial Corp now owns 445,846 shares of the financial services provider’s stock valued at $9,113,000 after purchasing an additional 67,649 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 31.3% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 118,770 shares of the financial services provider’s stock valued at $2,428,000 after purchasing an additional 28,299 shares in 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.