Sixth Street Specialty Lending (NYSE:TSLX) Price Target Lowered to $20.00 at Truist Financial

Sixth Street Specialty Lending (NYSE:TSLX) had its target price lowered by Truist Financial from $22.00 to $20.00 in a research note issued to investors on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

Several other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Wells Fargo & Company lowered their price objective on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday. Citizens Jmp lowered their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Royal Bank Of Canada lowered their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. One research 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 MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.29.

Sixth Street Specialty Lending Stock Up 1.3%

Shares of NYSE TSLX traded up $0.23 during mid-day trading on Thursday, reaching $18.12. The company had a trading volume of 453,031 shares, compared to its average volume of 924,913. 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 firm has a 50 day simple moving average of $18.35 and a two-hundred day simple moving average of $20.36. The stock has a market cap of $1.72 billion, a P/E ratio of 15.76 and a beta of 0.65. Sixth Street Specialty Lending has a 52-week low of $16.99 and a 52-week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The company had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $103.14 million. Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. During the same period last year, the business earned $0.58 earnings per share. Sell-side analysts predict that Sixth Street Specialty Lending will post 1.97 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.42 dividend. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, June 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.3%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 146.09%.

Insider Activity at Sixth Street Specialty Lending

In other news, VP Alan Waxman bought 45,000 shares of Sixth Street Specialty Lending stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $18.47 per share, for a total transaction of $831,150.00. Following the purchase, the vice president owned 545,000 shares of the company’s stock, valued at approximately $10,066,150. The trade was a 9.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have acquired 545,000 shares of company stock valued at $9,997,150. 3.83% of the stock is currently owned by company insiders.

Institutional Trading of Sixth Street Specialty Lending

Several hedge funds have recently made changes to their positions in the company. Quantum Portfolio Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the 1st quarter worth $273,434,000. Strs Ohio lifted its stake in shares of Sixth Street Specialty Lending by 101.8% in the first 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. Sound Income Strategies LLC lifted its stake in shares of Sixth Street Specialty Lending by 2.4% in the first quarter. Sound Income Strategies LLC now owns 2,571,052 shares of the financial services provider’s stock valued at $46,562,000 after purchasing an additional 59,937 shares during the period. Van ECK Associates Corp lifted its stake in shares of Sixth Street Specialty Lending by 18.0% in the third 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, Progeny 3 Inc. lifted its stake in shares of Sixth Street Specialty Lending by 1.0% in the second quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider’s stock valued at $58,963,000 after purchasing an additional 23,451 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Trending Headlines about Sixth Street Specialty Lending

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 and plans to use proceeds to pay down revolver balances, extending debt maturities and easing near‑term liquidity/rolling risk. This financing reduces short‑term funding pressure and may be viewed as stabilizing. Business Wire
• Positive Sentiment: Several sell‑side firms reduced price targets but kept constructive ratings (RBC, Truist, Wells Fargo, Keefe, Bruyette & Woods), signaling analysts still see upside or recovery potential despite recent headwinds. Benzinga roundup
• Neutral Sentiment: TipRanks coverage of the Q1 call flags a NAV hit from portfolio markdowns but also highlights potential upside areas management discussed on the call; view is balanced rather than outright bullish or bearish. TipRanks
• Neutral Sentiment: The full Q1 earnings call transcript is available for investors who want the primary detail on portfolio performance, NAV commentary, and management’s plan for coverage and capital allocation. Useful for due diligence. Seeking Alpha transcript
• Negative Sentiment: JPMorgan cut its price target to $17.50 and moved to a “neutral” rating — the PT is now below the current price, signaling reduced upside from one large bank and adding downward pressure on sentiment. Benzinga
• Negative Sentiment: Negative investor reaction stems from Q1 results: EPS and revenue missed, total interest revenue declined materially year‑over‑year, management cut the dividend to $0.42, and portfolio credit metrics showed deterioration (more stressed/3‑rated positions). That note has driven downgrades and volatility. Seeking Alpha article

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.