Sixth Street Specialty Lending (NYSE:TSLX) Price Target Raised to $25.00

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 - Free Report) had its price target hoisted by JMP Securities from $24.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a market outperform rating on the financial services provider's stock.

Several other equities analysts also recently commented on TSLX. Raymond James Financial dropped their target price 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, May 2nd. Wells Fargo & Company raised their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. cut their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, B. Riley initiated coverage on Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price objective for the company. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $23.28.

Sixth Street Specialty Lending Price Performance

Shares of TSLX traded up $0.29 during trading hours on Wednesday, hitting $24.04. 434,969 shares of the company were exchanged, compared to its average volume of 439,466. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 10.36 and a beta of 0.84. Sixth Street Specialty Lending has a fifty-two week low of $18.58 and a fifty-two week high of $25.17. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07. The firm's fifty day moving average is $23.80 and its 200 day moving average is $22.57.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $115.00 million for the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%. During the same period last year, the firm posted $0.58 earnings per share. On average, equities analysts anticipate that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.46 per share. This represents a yield of 770.0%. This is an increase from Sixth Street Specialty Lending's previous -- dividend of $0.06. The ex-dividend date is Monday, September 15th. Sixth Street Specialty Lending's dividend payout ratio is 91.54%.

Institutional Trading of Sixth Street Specialty Lending

A number of hedge funds have recently bought and sold shares of TSLX. Ameriflex Group Inc. bought a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at $27,000. AdvisorNet Financial Inc bought a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at $40,000. MTM Investment Management LLC bought a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at $49,000. Rossby Financial LCC bought a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at $62,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at $97,000. 70.25% of the stock is currently owned by institutional investors.

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.