Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.8333.

TSLX has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Sixth Street Specialty Lending from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Citizens Jmp cut their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Truist Financial lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Wall Street Zen cut shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th.

Insider Buying and Selling at Sixth Street Specialty Lending

In other news, VP Alan Waxman purchased 200,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were acquired at an average price of $18.18 per share, with a total value of $3,636,000.00. Following the acquisition, the vice president directly owned 500,000 shares in the company, valued at approximately $9,090,000. The trade was a 66.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Ross Anthony Bruck purchased 8,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $17.76 per share, for a total transaction of $142,080.00. Following the acquisition, the vice president owned 18,250 shares in the company, valued at approximately $324,120. The trade was a 78.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 253,000 shares of company stock worth $4,609,230. 3.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of large investors have recently added to or reduced their stakes in TSLX. Harbor Investment Advisory LLC boosted its stake in shares of Sixth Street Specialty Lending by 673.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,508 shares in the last quarter. Fifth Third Bancorp purchased a new position in Sixth Street Specialty Lending during the 1st quarter valued at about $63,000. Advisory Services Network LLC purchased a new position in Sixth Street Specialty Lending during the 3rd quarter valued at about $75,000. Redmont Wealth Advisors LLC purchased a new position in Sixth Street Specialty Lending during the 3rd quarter valued at about $79,000. Finally, SG Americas Securities LLC purchased a new position in Sixth Street Specialty Lending in the fourth quarter worth about $108,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Up 2.3%

TSLX opened at $17.67 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39. Sixth Street Specialty Lending has a fifty-two week low of $16.96 and a fifty-two week high of $25.17. The firm has a market capitalization of $1.68 billion, a PE ratio of 15.36 and a beta of 0.60. The company’s 50-day moving average is $18.12 and its 200 day moving average is $19.74.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.The business had revenue of $93.40 million during the quarter, compared to analyst estimates of $103.14 million. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, research analysts predict that Sixth Street Specialty Lending will post 1.71 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.5%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. Sixth Street Specialty Lending’s payout ratio is 146.09%.

Sixth Street Specialty Lending Company Profile

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.