Keefe, Bruyette & Woods Lowers Sixth Street Specialty Lending (NYSE:TSLX) Price Target to $18.50

Sixth Street Specialty Lending (NYSE:TSLX) had its price target dropped by investment analysts at Keefe, Bruyette & Woods from $21.00 to $18.50 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 2.86% from the company’s previous close.

A number of other research firms have also weighed in on TSLX. Weiss Ratings lowered Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. cut their price target on Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating for the company in a research note on Friday, March 13th. Wells Fargo & Company cut their price target on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday. Truist Financial cut their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Citizens Jmp cut their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.29.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $17.99 on Thursday. The stock has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $20.36. The firm has a market capitalization of $1.71 billion, a P/E ratio of 15.64 and a beta of 0.65. Sixth Street Specialty Lending has a fifty-two week low of $16.99 and a fifty-two week high of $25.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.83 and a current ratio of 3.39.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share 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 analysts’ expectations of $103.14 million. Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. During the same quarter in the previous year, the business posted $0.58 EPS. On average, equities analysts forecast that Sixth Street Specialty Lending will post 1.89 earnings per share for the current year.

Insider Buying and Selling at Sixth Street Specialty Lending

In related news, VP Alan Waxman bought 200,000 shares of the stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of $18.18 per share, for a total transaction of $3,636,000.00. Following the acquisition, the vice president directly owned 500,000 shares in the company, valued at approximately $9,090,000. This trade represents a 66.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders purchased 545,000 shares of company stock worth $9,997,150. Insiders own 3.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC boosted its holdings in shares of Sixth Street Specialty Lending by 2.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 23,369 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 505 shares during the last quarter. Lido Advisors LLC boosted its holdings in shares of Sixth Street Specialty Lending by 1.2% during the 4th quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 506 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Sixth Street Specialty Lending by 5.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 532 shares during the last quarter. IFG Advisory LLC boosted its holdings in shares of Sixth Street Specialty Lending by 2.7% during the 3rd quarter. IFG Advisory LLC now owns 21,159 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 551 shares during the last quarter. Finally, Family Wealth Partners LLC lifted its holdings in Sixth Street Specialty Lending by 2.5% in the fourth quarter. Family Wealth Partners LLC now owns 24,867 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 602 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Sixth Street Specialty Lending

Here are the key news stories impacting Sixth Street Specialty Lending this week:

• Positive Sentiment: TSLX priced a $300 million offering of 5.650% unsecured notes due 2031, with proceeds expected to be used to pay down existing debt. The move may improve its liability profile and support balance-sheet flexibility. Article Title
• Positive Sentiment: Several firms still see upside despite trimming targets: RBC kept an outperform rating, KBW maintained outperform, Truist kept a buy rating, and Wells Fargo kept overweight. These reports suggest analysts still view TSLX as undervalued even after lowering price targets.
• Neutral Sentiment: The company’s Q1 earnings call highlighted both a net asset value hit and some upside, suggesting investors are still digesting mixed fundamentals rather than reacting to one clear surprise. Article Title
• Negative Sentiment: JPMorgan cut its price target on TSLX to $17.50 and maintained a neutral rating, while other firms also reduced targets. The lower estimates likely added pressure to the stock and reflect more cautious near-term expectations.

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.