Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $23.50 Average PT from Brokerages

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $23.50.

TSLX has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Wells Fargo & Company dropped their price objective on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, December 24th. Finally, Keefe, Bruyette & Woods lowered their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th.

Sixth Street Specialty Lending Stock Performance

TSLX stock opened at $21.36 on Friday. The company has a 50-day simple moving average of $21.94 and a 200 day simple moving average of $22.65. The company has a market capitalization of $2.02 billion, a P/E ratio of 10.47 and a beta of 0.70. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.13. Sixth Street Specialty Lending has a fifty-two week low of $18.58 and a fifty-two week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $109.40 million for the quarter, compared to the consensus estimate of $108.35 million. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. During the same period in the previous year, the firm earned $0.57 EPS. Sell-side analysts predict that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Insider Activity

In other Sixth Street Specialty Lending news, CEO Robert J. Stanley bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $20.85 per share, for a total transaction of $208,500.00. Following the acquisition, the chief executive officer directly owned 24,907 shares of the company’s stock, valued at $519,310.95. This trade represents a 67.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Texas Yale Capital Corp. raised its holdings in shares of Sixth Street Specialty Lending by 1.4% during the second quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock valued at $845,000 after acquiring an additional 500 shares during the period. Chicago Partners Investment Group LLC grew its position in Sixth Street Specialty Lending by 2.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 23,369 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 505 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Sixth Street Specialty Lending by 5.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 532 shares in the last quarter. IFG Advisory LLC raised its stake in Sixth Street Specialty Lending by 2.7% during the 3rd quarter. IFG Advisory LLC now owns 21,159 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 551 shares during the period. Finally, Family Wealth Partners LLC lifted its holdings in shares of Sixth Street Specialty Lending by 2.5% in the fourth quarter. Family Wealth Partners LLC now owns 24,867 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 602 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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.