Analysts Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) PT at $22.67

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.67.

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

Insider Buying and Selling

In other news, Director Judy S. Slotkin acquired 7,015 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $19.90 per share, for a total transaction of $139,598.50. Following the acquisition, the director now directly owns 18,726 shares of the company’s stock, valued at $372,647.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Institutional investors and hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in Sixth Street Specialty Lending during the first quarter valued at $35,000. nVerses Capital LLC bought a new position in Sixth Street Specialty Lending in the 2nd quarter worth about $70,000. Ridgewood Investments LLC acquired a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at approximately $77,000. Future Financial Wealth Managment LLC acquired a new position in shares of Sixth Street Specialty Lending during the first quarter worth approximately $90,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending during the second quarter worth approximately $109,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Down 0.1 %

Sixth Street Specialty Lending stock opened at $20.62 on Friday. The stock’s 50 day moving average price is $20.76 and its 200 day moving average price is $21.12. 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 8.74 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 announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. The business had revenue of $121.82 million during the quarter, compared to the consensus estimate of $120.33 million. During the same quarter last year, the firm posted $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 business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.92%. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 77.97%.

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.