Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $22.81 Consensus Price Target from Analysts

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) has earned an average rating of "Buy" from the eight ratings firms that are covering the company, MarketBeat.com reports. One 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 1-year price objective among brokerages that have issued ratings on the stock in the last year is $22.81.

A number of equities analysts recently weighed in on TSLX shares. Royal Bank of Canada upped their target price on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Truist Financial increased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, B. Riley began coverage on shares of Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective for the company.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of TSLX. Advisors Capital Management LLC raised its holdings in Sixth Street Specialty Lending by 1.4% in the 1st quarter. Advisors Capital Management LLC now owns 704,608 shares of the financial services provider's stock valued at $15,769,000 after acquiring an additional 9,992 shares during the period. SCS Capital Management LLC acquired a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth approximately $13,545,000. Integrated Wealth Concepts LLC boosted its position in shares of Sixth Street Specialty Lending by 38.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider's stock worth $370,000 after acquiring an additional 4,597 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Sixth Street Specialty Lending by 4.0% in the first quarter. Advisors Asset Management Inc. now owns 177,290 shares of the financial services provider's stock valued at $3,968,000 after buying an additional 6,809 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Sixth Street Specialty Lending in the first quarter valued at approximately $201,000. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Stock Up 1.7%

NYSE TSLX traded up $0.39 on Monday, reaching $22.98. The company had a trading volume of 511,717 shares, compared to its average volume of 367,886. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 11.32 and a beta of 0.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. Sixth Street Specialty Lending has a 1-year low of $18.58 and a 1-year high of $23.67. The company's fifty day moving average is $21.32 and its 200-day moving average is $21.58.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $113.92 billion during the quarter, compared to analyst estimates 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 business earned $0.52 EPS. On average, research analysts forecast that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

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.