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

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.79.

Several equities research analysts have recently issued reports on the company. Raymond James reduced their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Truist Financial raised their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered 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 report on Monday, April 28th.

Sixth Street Specialty Lending Price Performance

Shares of NYSE:TSLX traded up $0.17 during trading on Thursday, hitting $20.86. 317,951 shares of the company's stock were exchanged, compared to its average volume of 358,873. The business's 50-day simple moving average is $21.37 and its 200 day simple moving average is $21.39. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 10.27 and a beta of 0.82. Sixth Street Specialty Lending has a 52-week low of $18.58 and a 52-week high of $23.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced 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. The business 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 last year, the firm posted $0.52 EPS. As a group, equities analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 8.9%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 97.35%.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of TSLX. JPMorgan Chase & Co. increased its stake in Sixth Street Specialty Lending by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock worth $24,131,000 after purchasing an additional 162,810 shares during the period. Wells Fargo & Company MN grew its stake in Sixth Street Specialty Lending by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock worth $25,201,000 after acquiring an additional 33,026 shares in the last quarter. Gilman Hill Asset Management LLC bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $1,974,000. Round Rock Advisors LLC bought a new stake in Sixth Street Specialty Lending during the 4th quarter valued at $1,789,000. Finally, Raymond James Financial Inc. bought a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth $17,488,000. 70.25% of the stock is owned by institutional investors.

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.