Sixth Street Specialty Lending (NYSE:TSLX) Price Target Lowered to $22.00 at Royal Bank Of Canada

Sixth Street Specialty Lending (NYSE:TSLX) had its price objective decreased by equities research analysts at Royal Bank Of Canada from $24.00 to $22.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 20.34% from the company’s previous close.

Several other analysts have also issued reports on TSLX. JPMorgan Chase & Co. reduced their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, December 24th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $25.00 price target on shares of Sixth Street Specialty Lending in a report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending presently has an average rating of “Buy” and an average target price of $22.25.

Sixth Street Specialty Lending Price Performance

Shares of TSLX traded down $0.40 during trading hours on Friday, hitting $18.28. 1,140,453 shares of the company were exchanged, compared to its average volume of 746,934. Sixth Street Specialty Lending has a fifty-two week low of $18.20 and a fifty-two week high of $25.17. The firm’s fifty day moving average is $21.35 and its 200 day moving average is $22.28. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 10.11 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $108.25 million during the quarter, compared to the consensus estimate of $107.11 million. Sixth Street Specialty Lending had a net margin of 37.99% and a return on equity of 12.71%. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, equities analysts anticipate that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of hedge funds have recently made changes to their positions 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. MTM Investment Management LLC purchased a new position in Sixth Street Specialty Lending in the second quarter worth about $49,000. Advisory Services Network LLC bought a new position in Sixth Street Specialty Lending in the 3rd quarter worth $75,000. Redmont Wealth Advisors LLC purchased a new position in Sixth Street Specialty Lending during the third quarter valued at approximately $79,000. Finally, First Horizon Advisors Inc. raised its stake in Sixth Street Specialty Lending by 74.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,753 shares during the period. 70.25% of the stock is currently owned by institutional investors.

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.