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

Key Points

• Sixth Street Specialty Lending, Inc. has received an average recommendation of "Buy" from analysts, with a consensus target price of $23.27 over the next twelve months.
• The company's stock recently opened at $24.52 and has a market capitalization of $2.31 billion, with a P/E ratio of 12.20.
• Sixth Street Specialty Lending announced a quarterly dividend of $0.05 per share, representing a 0.8% yield and a payout ratio of 91.54%.

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have received an average rating of "Buy" from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.2778.

Several analysts have recently commented on TSLX shares. B. Riley initiated coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price target for the company. Wells Fargo & Company raised their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, JMP Securities increased their price target on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several hedge funds have recently bought and sold shares of TSLX. Ameriflex Group Inc. acquired a new stake in Sixth Street Specialty Lending in the fourth quarter valued at $27,000. AdvisorNet Financial Inc acquired a new stake in Sixth Street Specialty Lending in the 1st quarter valued at about $40,000. MTM Investment Management LLC purchased a new position in Sixth Street Specialty Lending during the 2nd quarter valued at about $49,000. Rossby Financial LCC acquired a new position in Sixth Street Specialty Lending during the first quarter worth about $62,000. Finally, First Horizon Advisors Inc. raised its position in Sixth Street Specialty Lending by 74.0% during the second quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider's stock worth $98,000 after acquiring an additional 1,753 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Performance

Sixth Street Specialty Lending stock traded up $0.17 during mid-day trading on Wednesday, reaching $24.74. 387,645 shares of the company were exchanged, compared to its average volume of 463,022. The firm's 50-day simple moving average is $24.21 and its two-hundred day simple moving average is $22.82. Sixth Street Specialty Lending has a twelve month low of $18.58 and a twelve month high of $25.17. The firm has a market cap of $2.33 billion, a PE ratio of 12.31 and a beta of 0.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $115.00 million during the quarter, compared to analysts' expectations of $110.42 million. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. During the same period in the prior year, the company posted $0.58 earnings per share. Equities analysts predict that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is 91.54%.

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.