Sixth Street Specialty Lending (NYSE:TSLX) Given "Neutral" Rating at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed a "neutral" rating for Sixth Street Specialty Lending (NYSE:TSLX) with a target price of $24.00, indicating a potential upside of 5.03% from its previous close.
• Wells Fargo and JMP Securities have increased their price objectives for TSLX to $24.00 and $25.00 respectively, with ratings of "overweight" and "market outperform."
• Fourth quarter results showed a net margin of 39.56% and earnings per share of $0.56, surpassing estimates and indicating strong financial performance.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $24.00 target price on the financial services provider's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 5.03% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. JMP Securities upped their price objective on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.56.

Sixth Street Specialty Lending Stock Up 0.1%

TSLX stock opened at $22.85 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. Sixth Street Specialty Lending has a 1-year low of $18.58 and a 1-year high of $25.17. The firm has a fifty day moving average price of $23.97 and a two-hundred day moving average price of $22.92. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 11.37 and a beta of 0.85.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Strs Ohio bought a new position in Sixth Street Specialty Lending during the first quarter valued at about $79,698,000. Progeny 3 Inc. boosted its position in shares of Sixth Street Specialty Lending by 1.0% during the 2nd quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider's stock valued at $58,963,000 after purchasing an additional 23,451 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Sixth Street Specialty Lending by 1.9% during the 2nd quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider's stock valued at $57,294,000 after purchasing an additional 45,157 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Sixth Street Specialty Lending by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,378,968 shares of the financial services provider's stock valued at $56,643,000 after purchasing an additional 31,922 shares in the last quarter. Finally, Allen Investment Management LLC boosted its position in shares of Sixth Street Specialty Lending by 24.4% during the 1st quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider's stock valued at $32,114,000 after purchasing an additional 281,339 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

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.

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