Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives Consensus Rating of "Buy" from Analysts

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned 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 a report on the stock in the last year is $22.81.

Several brokerages have recently commented on TSLX. Raymond James Financial reduced their target price on 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. Wells Fargo & Company dropped their price target on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada lifted their price target on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Finally, B. Riley began coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price target for the company.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Institutional investors have recently modified their holdings of the business. Ameriflex Group Inc. bought a new stake in Sixth Street Specialty Lending in the fourth quarter valued at approximately $27,000. AdvisorNet Financial Inc bought a new stake in Sixth Street Specialty Lending in the first quarter valued at approximately $40,000. First Horizon Advisors Inc. boosted its holdings in 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 valued at $49,000 after acquiring an additional 465 shares during the last quarter. Rossby Financial LCC bought a new stake in Sixth Street Specialty Lending in the first quarter valued at approximately $62,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Sixth Street Specialty Lending in the first quarter valued at approximately $97,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX traded down $0.26 during midday trading on Friday, hitting $22.90. 534,489 shares of the company's stock were exchanged, compared to its average volume of 374,386. 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 12 month low of $18.58 and a 12 month high of $23.75. The company's 50 day moving average price is $22.02 and its 200 day moving average price is $21.88. The firm has a market capitalization of $2.15 billion, a PE ratio of 12.12 and a beta of 0.83.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate 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 company had revenue of $113.92 billion during the quarter, compared to the consensus estimate of $116.70 million. During the same period in the previous year, the company posted $0.52 EPS. As a group, analysts predict that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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