Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Given Consensus Rating of “Buy” by Brokerages

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has received an average rating of “Buy” from the six analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $22.00.

Several equities analysts recently issued reports on TSLX shares. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods cut their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $21.48 on Monday. The company’s 50 day simple moving average is $20.54 and its 200-day simple moving average is $20.98. The firm has a market cap of $2.00 billion, a PE ratio of 10.43 and a beta of 1.06. Sixth Street Specialty Lending has a 12-month low of $19.50 and a 12-month high of $22.35. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The company had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same period last year, the firm posted $0.60 EPS. As a group, equities analysts predict that Sixth Street Specialty Lending will post 2.32 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.05 per share. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 89.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in Sixth Street Specialty Lending during the second quarter worth about $70,000. Ridgewood Investments LLC acquired a new stake in shares of Sixth Street Specialty Lending in the 2nd quarter worth approximately $77,000. Quarry LP increased its stake in Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 3,238 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Sixth Street Specialty Lending during the third quarter worth $86,000. Finally, Atlas Capital Advisors LLC purchased a new stake in Sixth Street Specialty Lending during the second quarter worth $109,000. Institutional investors and hedge funds 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.