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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have earned an average recommendation of "Buy" from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.81.

A number of analysts have recently commented on the company. Raymond James Financial cut their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company decreased their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. B. Riley assumed coverage on Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a research note on Thursday, April 24th.

Sixth Street Specialty Lending Trading Up 0.2%

TSLX stock opened at $24.37 on Tuesday. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 1.15. Sixth Street Specialty Lending has a twelve month low of $18.58 and a twelve month high of $24.46. The business has a fifty day moving average of $23.01 and a 200-day moving average of $22.17. The company has a market cap of $2.29 billion, a P/E ratio of 12.89 and a beta of 0.83.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a return on equity of 13.60% and a net margin of 36.59%. The firm had revenue of $113.92 billion during the quarter, compared to analysts' expectations of $116.70 million. During the same period in the previous year, the firm earned $0.52 earnings per share. As a group, equities research analysts expect that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were paid a $0.06 dividend. This represents a dividend yield of 9.21%. The ex-dividend date was Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio is 97.35%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TSLX. Strs Ohio purchased a new stake in shares of Sixth Street Specialty Lending during the first quarter worth $79,698,000. Progeny 3 Inc. increased its stake in Sixth Street Specialty Lending by 6.1% in the fourth quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider's stock valued at $50,921,000 after acquiring an additional 137,906 shares during the last quarter. Sound Income Strategies LLC increased its stake in Sixth Street Specialty Lending by 2.4% in the first quarter. Sound Income Strategies LLC now owns 2,361,139 shares of the financial services provider's stock valued at $52,842,000 after acquiring an additional 55,767 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Sixth Street Specialty Lending by 7.0% in the first quarter. Burgundy Asset Management Ltd. now owns 2,347,046 shares of the financial services provider's stock valued at $52,527,000 after acquiring an additional 154,560 shares during the last quarter. Finally, Allen Investment Management LLC increased its stake in Sixth Street Specialty Lending by 24.4% in the first quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider's stock valued at $32,114,000 after acquiring an additional 281,339 shares during 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 business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.

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