JPMorgan Chase & Co. Issues Pessimistic Forecast for Sixth Street Specialty Lending (NYSE:TSLX) Stock Price

Sixth Street Specialty Lending (NYSE:TSLX) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $18.50 to $17.50 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 2.70% from the company’s current price.

A number of other equities research analysts have also weighed in on TSLX. Royal Bank Of Canada decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday. Wall Street Zen upgraded shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Citizens Jmp decreased 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. Finally, Truist Financial decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.29.

Sixth Street Specialty Lending Trading Up 0.5%

Shares of TSLX opened at $17.99 on Thursday. Sixth Street Specialty Lending has a twelve month low of $16.99 and a twelve month high of $25.17. The company has a market cap of $1.71 billion, a P/E ratio of 15.64 and a beta of 0.65. The company has a current ratio of 3.39, a quick ratio of 2.83 and a debt-to-equity ratio of 1.17. The company’s fifty day simple moving average is $18.35 and its 200-day simple moving average is $20.36.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.07). Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. The firm had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $103.14 million. During the same period in the prior year, the company posted $0.58 EPS. As a group, analysts expect that Sixth Street Specialty Lending will post 1.89 EPS for the current year.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, VP Alan Waxman bought 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 transaction, the vice president owned 500,000 shares of the company’s stock, valued at approximately $9,090,000. This trade represents a 66.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 545,000 shares of company stock worth $9,997,150. Company insiders own 3.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TSLX. Quantum Portfolio Management LLC purchased a new position in Sixth Street Specialty Lending during the 1st quarter valued at about $273,434,000. Strs Ohio increased its position in Sixth Street Specialty Lending by 101.8% during the 1st quarter. Strs Ohio now owns 4,347,710 shares of the financial services provider’s stock valued at $79,911,000 after purchasing an additional 2,193,551 shares during the period. Bank of Montreal Can increased its position in Sixth Street Specialty Lending by 419.5% during the 4th quarter. Bank of Montreal Can now owns 2,284,920 shares of the financial services provider’s stock valued at $49,628,000 after purchasing an additional 1,845,088 shares during the period. Van ECK Associates Corp increased its position in Sixth Street Specialty Lending by 18.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,529,187 shares of the financial services provider’s stock valued at $57,817,000 after purchasing an additional 385,398 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Sixth Street Specialty Lending by 105.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 624,196 shares of the financial services provider’s stock valued at $13,558,000 after purchasing an additional 319,665 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending News Summary

Here are the key news stories impacting Sixth Street Specialty Lending this week:

• Positive Sentiment: TSLX priced a $300 million offering of 5.650% unsecured notes due 2031, with proceeds expected to be used to pay down existing debt. The move may improve its liability profile and support balance-sheet flexibility. Article Title
• Positive Sentiment: Several firms still see upside despite trimming targets: RBC kept an outperform rating, KBW maintained outperform, Truist kept a buy rating, and Wells Fargo kept overweight. These reports suggest analysts still view TSLX as undervalued even after lowering price targets.
• Neutral Sentiment: The company’s Q1 earnings call highlighted both a net asset value hit and some upside, suggesting investors are still digesting mixed fundamentals rather than reacting to one clear surprise. Article Title
• Negative Sentiment: JPMorgan cut its price target on TSLX to $17.50 and maintained a neutral rating, while other firms also reduced targets. The lower estimates likely added pressure to the stock and reflect more cautious near-term expectations.

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.