Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Has Average Price Target of $19.83

Key Points

• Analysts maintain a “Moderate Buy” consensus on Sixth Street Specialty Lending, with five buy ratings and three holds; the average 12-month price target is $19.83 versus the reported share price of $17.19.
• The company exceeded quarterly expectations, reporting $0.43 in EPS and $97.84 million in revenue, ahead of analyst estimates of $0.42 and $95.28 million, respectively.
• Sixth Street Specialty Lending paid a quarterly dividend of $0.42 per share, equivalent to an annualized $1.68 dividend and a 9.8% yield; institutional investors own 70.25% of the stock.

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $19.83.

TSLX has been the subject of a number of recent analyst reports. Wall Street Zen raised Sixth Street Specialty Lending from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an "outperform" rating in a report on Monday, August 10th. Zacks Research raised shares of Sixth Street Specialty Lending from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. 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. 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 report on Thursday, July 2nd.

Institutional Trading of Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Miller Global Investments LLC lifted its stake in Sixth Street Specialty Lending by 265.4% during the third quarter. Miller Global Investments LLC now owns 37,876 shares of the financial services provider's stock worth $683,000 after purchasing an additional 27,509 shares in the last quarter. Confluence Investment Management LLC grew its stake in shares of Sixth Street Specialty Lending by 2.0% in the third quarter. Confluence Investment Management LLC now owns 216,194 shares of the financial services provider's stock valued at $3,896,000 after buying an additional 4,240 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Sixth Street Specialty Lending in the 2nd quarter valued at $200,000. Ehrenkranz Partners L.P. raised its holdings in shares of Sixth Street Specialty Lending by 14.8% in the 2nd quarter. Ehrenkranz Partners L.P. now owns 43,015 shares of the financial services provider's stock valued at $739,000 after buying an additional 5,541 shares during the period. Finally, IFP Advisors Inc lifted its stake in Sixth Street Specialty Lending by 30.6% during the 2nd quarter. IFP Advisors Inc now owns 305,604 shares of the financial services provider's stock worth $5,247,000 after acquiring an additional 71,693 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Down 0.5%

Shares of Sixth Street Specialty Lending stock opened at $17.19 on Thursday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 18.10 and a beta of 0.62. Sixth Street Specialty Lending has a fifty-two week low of $16.04 and a fifty-two week high of $23.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 9.83 and a current ratio of 9.83. The stock has a 50 day moving average of $18.28 and a 200 day moving average of $17.86.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The company had revenue of $97.84 million for the quarter, compared to the consensus estimate of $95.28 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.8%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 176.84%.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company (BDC) that provides financing to established middle-market companies. The company primarily invests in privately originated debt, including first-lien senior secured loans, second-lien loans, subordinated debt and other credit investments. It may also make select equity investments in connection with its lending activities.

Sixth Street Specialty Lending generally focuses on companies with experienced management teams, strong market positions and established operating histories.

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