Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Sixth Street Specialty Lending a “Moderate Buy” consensus: five rate the stock a buy and three recommend holding it, with an average 12-month price target of $19.83 versus its recent $17.87 price.
• The company exceeded quarterly expectations, reporting $0.43 in EPS and $97.84 million in revenue. Analysts expect full-year EPS of $1.74.
• Sixth Street Specialty Lending declared a quarterly dividend of $0.42, equal to a 9.4% annualized yield; institutional investors own 70.25% of the company’s shares.

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.8333.

Several equities analysts recently weighed in on TSLX shares. Keefe, Bruyette & Woods lifted their target price on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an "outperform" rating in a research report on Monday, August 10th. Wall Street Zen raised Sixth Street Specialty Lending from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Sixth Street Specialty Lending from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. Zacks Research raised Sixth Street Specialty Lending from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Sixth Street Specialty Lending from $17.50 to $16.50 and set a "neutral" rating for the company in a research note on Thursday, July 2nd.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Burk Holdings LLC bought a new position in shares of Sixth Street Specialty Lending during the 2nd quarter worth $51,000. Advisory Services Network LLC purchased a new stake in Sixth Street Specialty Lending in the third quarter worth about $75,000. Fifth Third Bancorp bought a new position in Sixth Street Specialty Lending during the 1st quarter worth about $63,000. Redmont Wealth Advisors LLC grew its holdings 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 acquiring an additional 1,310 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in Sixth Street Specialty Lending during the 2nd quarter valued at about $83,000. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Trading Up 0.5%

Shares of TSLX stock opened at $17.87 on Friday. Sixth Street Specialty Lending has a 12-month low of $16.04 and a 12-month high of $24.76. The firm's 50 day moving average is $17.98 and its 200 day moving average is $17.88. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $1.70 billion, a P/E ratio of 18.81 and a beta of 0.61.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $97.84 million during the quarter, compared to analyst estimates of $95.28 million. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. During the same quarter in the prior year, the firm earned $0.56 EPS. Research analysts expect that Sixth Street Specialty Lending will post 1.74 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 176.84%.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated loans and other debt investments, seeking to support businesses that may have limited access to traditional bank financing or public capital markets.

Its investment portfolio generally includes first-lien senior secured loans, second-lien loans, mezzanine debt and, to a lesser extent, equity investments.

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