Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $22.67.

Separately, Royal Bank of Canada reissued an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Thursday, August 15th.

Sixth Street Specialty Lending Stock Down 0.8 %

Sixth Street Specialty Lending stock opened at $20.70 on Wednesday. The stock’s 50 day moving average price is $21.04 and its 200 day moving average price is $21.19. Sixth Street Specialty Lending has a 1-year low of $19.02 and a 1-year high of $22.35. The company has a market cap of $1.92 billion, a PE ratio of 8.35 and a beta of 1.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $121.82 million for the quarter, compared to analyst estimates of $120.33 million. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. During the same period in the previous year, the firm earned $0.58 EPS. On average, sell-side analysts predict that Sixth Street Specialty Lending will post 2.31 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. This represents a $1.84 annualized dividend and a dividend yield of 8.89%. Sixth Street Specialty Lending’s payout ratio is currently 74.19%.

Insider Activity at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, Director Judy S. Slotkin bought 7,015 shares of the business’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $19.90 per share, for a total transaction of $139,598.50. Following the completion of the transaction, the director now owns 18,726 shares in the company, valued at approximately $372,647.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several hedge funds have recently bought and sold shares of TSLX. Precision Wealth Strategies LLC lifted its position in shares of Sixth Street Specialty Lending by 5.7% in the first quarter. Precision Wealth Strategies LLC now owns 10,030 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 537 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in Sixth Street Specialty Lending by 1.7% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 627 shares during the last quarter. Register Financial Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 15.5% in the 1st quarter. Register Financial Advisors LLC now owns 7,574 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 1,018 shares in the last quarter. Mirador Capital Partners LP lifted its holdings in Sixth Street Specialty Lending by 2.9% in the 1st quarter. Mirador Capital Partners LP now owns 37,111 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 1,037 shares in the last quarter. Finally, Worth Asset Management LLC boosted its stake in shares of Sixth Street Specialty Lending by 7.9% during the 2nd quarter. Worth Asset Management LLC now owns 14,156 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 1,037 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.