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

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

Several equities research analysts have issued reports on TSLX shares. JPMorgan Chase & Co. dropped their price objective on Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Truist Financial dropped their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Citizens Jmp dropped their target price on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. 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. Finally, Wall Street Zen downgraded 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 Ross Anthony Bruck purchased 8,000 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired 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 of the company’s stock, valued at $324,120. The trade was a 78.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.83% of the company’s stock.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of institutional investors have recently made changes to their positions in TSLX. Harbor Investment Advisory LLC increased its holdings in shares of 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 valued at $38,000 after acquiring an additional 1,508 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Sixth Street Specialty Lending in the 1st quarter valued at approximately $63,000. Advisory Services Network LLC bought a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter valued at approximately $75,000. Redmont Wealth Advisors LLC grew its position in shares of Sixth Street Specialty Lending by 37.8% during the 4th quarter. Redmont Wealth Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,310 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at about $108,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Performance

Sixth Street Specialty Lending stock opened at $17.14 on Tuesday. Sixth Street Specialty Lending has a 12-month low of $16.04 and a 12-month high of $25.17. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 14.90 and a beta of 0.60. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39. The firm’s fifty day moving average price is $17.63 and its 200 day moving average price is $19.16.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $103.14 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, research analysts forecast that Sixth Street Specialty Lending will post 1.71 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. Sixth Street Specialty Lending’s payout ratio is presently 146.09%.

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.