Brokerages Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Price Target at $22.75

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $22.79.

A number of equities analysts have recently commented on TSLX shares. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Royal Bank of Canada upped their price target on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Raymond James lowered their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday. Keefe, Bruyette & Woods upped their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their target price on shares of 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.

Hedge Funds Weigh In On Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its stake 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 period. Cornerstone Wealth Management LLC lifted its holdings in shares of Sixth Street Specialty Lending by 1.2% in the 1st quarter. Cornerstone Wealth Management LLC now owns 46,732 shares of the financial services provider's stock worth $1,046,000 after purchasing an additional 548 shares in the last quarter. Signaturefd LLC grew its position in Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 550 shares during the period. Mallini Complete Financial Planning LLC grew its position in Sixth Street Specialty Lending by 4.5% in the 1st quarter. Mallini Complete Financial Planning LLC now owns 13,028 shares of the financial services provider's stock valued at $292,000 after purchasing an additional 558 shares during the period. Finally, Dearborn Partners LLC increased its stake in Sixth Street Specialty Lending by 1.3% during the 4th quarter. Dearborn Partners LLC now owns 58,768 shares of the financial services provider's stock valued at $1,252,000 after purchasing an additional 763 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Up 1.6 %

Sixth Street Specialty Lending stock traded up $0.33 during trading hours on Thursday, hitting $20.89. The stock had a trading volume of 468,157 shares, compared to its average volume of 360,627. The business's 50 day simple moving average is $21.47 and its 200-day simple moving average is $21.38. Sixth Street Specialty Lending has a one year low of $18.58 and a one year high of $23.67. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 10.29 and a beta of 0.82. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18.

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 earnings per share (EPS) for the quarter, beating 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 business 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 earned $0.52 EPS. On average, equities analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The business also recently declared a -- dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.06 dividend. This represents a yield of 8.9%. The ex-dividend date of this dividend is Monday, June 16th. 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.