Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $23.50 Consensus Price Target from Brokerages

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $23.50.

TSLX has been the topic of several research analyst reports. Wells Fargo & Company decreased their target price on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Keefe, Bruyette & Woods lowered their target price on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, December 24th. Finally, Royal Bank Of Canada decreased their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $20.19 on Friday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 9.90 and a beta of 0.70. The business’s 50 day moving average is $21.85 and its two-hundred day moving average is $22.57. Sixth Street Specialty Lending has a 12-month low of $18.58 and a 12-month high of $25.17. 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 posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.The firm had revenue of $109.40 million for the quarter, compared to the consensus estimate of $108.35 million. During the same period in the previous year, the business earned $0.57 earnings per share. Research analysts expect that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert J. Stanley purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $20.85 per share, for a total transaction of $208,500.00. Following the completion of the transaction, the chief executive officer directly owned 24,907 shares in the company, valued at $519,310.95. This represents a 67.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.22% of the company’s stock.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Large investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its position in Sixth Street Specialty Lending by 673.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,508 shares during the last quarter. MTM Investment Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at approximately $49,000. Advisory Services Network LLC purchased a new position in shares of Sixth Street Specialty Lending during the 3rd quarter worth approximately $75,000. Redmont Wealth Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending during the 3rd quarter worth approximately $79,000. Finally, First Horizon Advisors Inc. lifted its stake in Sixth Street Specialty Lending by 74.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,753 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

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.