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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.50.

A number of research firms have recently issued reports on TSLX. Weiss Ratings restated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, December 24th. Royal Bank Of Canada reduced their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Keefe, Bruyette & Woods reduced their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company lowered their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st.

Sixth Street Specialty Lending Price Performance

TSLX stock opened at $21.88 on Tuesday. Sixth Street Specialty Lending has a one year low of $18.58 and a one year high of $25.17. The firm has a 50-day moving average of $21.70 and a two-hundred day moving average of $22.89. The firm has a market capitalization of $2.07 billion, a PE ratio of 10.73 and a beta of 0.70. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.13.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. The business had revenue of $109.40 million for the quarter, compared to analyst estimates of $108.35 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. On average, analysts forecast that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.03 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. Sixth Street Specialty Lending’s dividend payout ratio is presently 90.20%.

Insider Activity

In related news, CEO Robert J. Stanley purchased 10,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $20.85 per share, for a total transaction of $208,500.00. Following the acquisition, the chief executive officer directly owned 24,907 shares in the company, valued at approximately $519,310.95. The trade was a 67.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC raised 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 worth $38,000 after purchasing an additional 1,508 shares in the last quarter. MTM Investment Management LLC acquired a new position in Sixth Street Specialty Lending in the second quarter worth approximately $49,000. Advisory Services Network LLC bought a new position in Sixth Street Specialty Lending during the third quarter valued at approximately $75,000. Redmont Wealth Advisors LLC acquired a new stake in Sixth Street Specialty Lending in the third quarter valued at approximately $79,000. Finally, First Horizon Advisors Inc. grew its position in Sixth Street Specialty Lending by 74.0% in the second quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,753 shares in 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 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.