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 been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.6667.

A number of analysts have recently commented on the company. Zacks Research cut Sixth Street Specialty Lending from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Citizens Jmp reduced their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company lowered their target price on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating on the stock in a report on Thursday, May 7th.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, VP Ross Anthony Bruck acquired 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $17.76 per share, with a total value of $142,080.00. Following the purchase, the vice president owned 18,250 shares of the company’s stock, valued at $324,120. This represents a 78.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.83% of the company’s stock.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Several large investors have recently modified their holdings of TSLX. Harbor Investment Advisory LLC raised its position in shares of 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 purchasing an additional 1,508 shares during the period. Advisory Services Network LLC acquired a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at approximately $75,000. Fifth Third Bancorp acquired a new position in shares of Sixth Street Specialty Lending in the 1st quarter valued at approximately $63,000. Redmont Wealth Advisors LLC increased its stake in Sixth Street Specialty Lending by 37.8% during the 4th quarter. Redmont Wealth Advisors LLC now owns 4,776 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,310 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Sixth Street Specialty Lending during the 4th quarter worth approximately $108,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Trading Up 0.2%

NYSE TSLX opened at $17.32 on Tuesday. Sixth Street Specialty Lending has a 12 month low of $16.04 and a 12 month high of $25.17. The stock has a 50-day simple moving average of $17.48 and a 200 day simple moving average of $19.03. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.65 billion, a PE ratio of 15.07 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $103.14 million. Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.During the same quarter last year, the business posted $0.58 EPS. Research analysts forecast that Sixth Street Specialty Lending will post 1.71 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.42 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.7%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. Sixth Street Specialty Lending’s dividend payout ratio is currently 146.09%.

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.