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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) has been given a consensus recommendation of "Buy" by the eight research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $22.81.

TSLX has been the subject of a number of recent analyst reports. B. Riley initiated coverage on shares of Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods raised their price objective on shares of 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. Raymond James decreased their price objective on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th.

Sixth Street Specialty Lending Price Performance

NYSE:TSLX traded up $0.11 during trading hours on Monday, reaching $23.17. 410,798 shares of the company's stock were exchanged, compared to its average volume of 458,309. The company has a market capitalization of $2.18 billion, a P/E ratio of 11.41 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 quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The business's 50-day simple moving average is $21.33 and its two-hundred day simple moving average is $21.59.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The firm had revenue of $113.92 billion during the quarter, compared to analyst estimates of $116.70 million. During the same quarter last year, the business posted $0.52 EPS. Sell-side analysts expect that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLX. Strs Ohio purchased a new stake in Sixth Street Specialty Lending in the 1st quarter worth approximately $79,698,000. Raymond James Financial Inc. bought a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $17,488,000. SCS Capital Management LLC bought a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at $13,545,000. Columbus Macro LLC bought a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $7,669,000. Finally, Gilman Hill Asset Management LLC raised its holdings in shares of Sixth Street Specialty Lending by 382.4% during the 1st quarter. Gilman Hill Asset Management LLC now owns 446,976 shares of the financial services provider's stock valued at $10,003,000 after purchasing an additional 354,320 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

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.