Sixth Street Specialty Lending (NYSE:TSLX) Stock Price Expected to Rise, JMP Securities Analyst Says

Key Points

• JMP Securities has raised its price target for Sixth Street Specialty Lending (TSLX) from $24.00 to $25.00, suggesting a potential upside of 4.25%.
• Analysts have differing opinions on TSLX, with JPMorgan slashing its target to $21.50 while Wells Fargo increased theirs to $24.00, indicating a mixed sentiment among research firms.
• Sixth Street Specialty Lending recently reported earnings exceeding analysts' expectations, with an EPS of $0.56 and revenues of $115 million for the last quarter.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) had its price objective upped by stock analysts at JMP Securities from $24.00 to $25.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "market outperform" rating on the financial services provider's stock. JMP Securities' target price would indicate a potential upside of 4.25% from the company's current price.

Several other research firms also recently issued reports on TSLX. JPMorgan Chase & Co. reduced their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Raymond James Financial lowered their price objective on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. B. Riley assumed coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $23.28.

Sixth Street Specialty Lending Stock Up 1.0%

TSLX stock traded up $0.23 during midday trading on Wednesday, hitting $23.98. The company's stock had a trading volume of 187,124 shares, compared to its average volume of 475,014. Sixth Street Specialty Lending has a twelve month low of $18.58 and a twelve month high of $25.17. The stock has a market capitalization of $2.26 billion, a P/E ratio of 11.93 and a beta of 0.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The company's fifty day moving average price is $23.76 and its 200 day moving average price is $22.52.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $115.00 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.58 EPS. As a group, equities research analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Institutional Trading of Sixth Street Specialty Lending

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in shares of Sixth Street Specialty Lending by 108.5% in the first quarter. Janney Montgomery Scott LLC now owns 276,845 shares of the financial services provider's stock valued at $6,196,000 after acquiring an additional 144,096 shares during the period. Cetera Investment Advisers boosted its holdings in Sixth Street Specialty Lending by 8.1% in the 1st quarter. Cetera Investment Advisers now owns 448,898 shares of the financial services provider's stock valued at $10,046,000 after purchasing an additional 33,818 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Sixth Street Specialty Lending by 15.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,607 shares of the financial services provider's stock valued at $9,749,000 after purchasing an additional 57,962 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth $201,000. Finally, Magnus Financial Group LLC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth $322,000. 70.25% of the stock is currently 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.

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