Analysts Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Price Target at $22.81

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) has been assigned an average recommendation of "Buy" from the eight analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.81.

TSLX has been the topic of several research reports. Truist Financial lifted their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. B. Riley assumed coverage on Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They issued a "buy" rating and a $23.00 target price for the company. Keefe, Bruyette & Woods upped their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company lowered their price objective on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, April 28th.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of institutional investors have recently modified their holdings of TSLX. Ameriflex Group Inc. bought a new position in Sixth Street Specialty Lending in the 4th quarter worth about $27,000. AdvisorNet Financial Inc bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $40,000. First Horizon Advisors Inc. lifted its stake in shares of Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock worth $49,000 after buying an additional 465 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at approximately $62,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at approximately $97,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Down 0.2%

TSLX traded down $0.05 during trading on Monday, hitting $23.06. 77,518 shares of the stock traded hands, compared to its average volume of 368,784. The firm has a market capitalization of $2.17 billion, a P/E ratio of 11.36 and a beta of 0.82. Sixth Street Specialty Lending has a 12-month low of $18.58 and a 12-month high of $23.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50-day moving average of $21.33 and a 200 day moving average of $21.59.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $113.92 billion during the quarter, compared to the consensus estimate of $116.70 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. During the same period in the prior year, the firm posted $0.52 earnings per share. Equities research analysts anticipate that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.06 per share. This represents a yield of 9.21%. The ex-dividend date of this dividend is Friday, May 30th. Sixth Street Specialty Lending's payout ratio is 97.35%.

Sixth Street Specialty Lending Company Profile

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.