Sixth Street Specialty Lending (NYSE:TSLX) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Sixth Street Specialty Lending from “sell” to “hold.” Despite mixed analyst actions, TSLX carries a consensus “Moderate Buy” rating and an average price target of $19.67.
• TSLX reported quarterly EPS of $0.43, exceeding estimates of $0.42, while revenue of $97.84 million also topped expectations. However, EPS declined from $0.56 in the same quarter a year earlier.
• The stock opened at $19.10, with a market capitalization of approximately $1.81 billion; institutional investors own 70.25% of shares, while company insiders own 3.83%.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

TSLX has been the subject of a number of other reports. Royal Bank Of Canada reduced their price target on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Thursday, May 7th. Zacks Research upgraded shares of Sixth Street Specialty Lending from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. Truist Financial cut their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on Sixth Street Specialty Lending from $17.50 to $16.50 and set a "neutral" rating for the company in a research report on Thursday, July 2nd. Finally, Weiss Ratings downgraded Sixth Street Specialty Lending from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.67.

Sixth Street Specialty Lending Price Performance

Sixth Street Specialty Lending stock opened at $19.10 on Friday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.59. Sixth Street Specialty Lending has a 52-week low of $16.04 and a 52-week high of $24.79. The stock's 50 day moving average price is $17.20 and its two-hundred day moving average price is $18.27. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.39 and a current ratio of 9.83.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. The company had revenue of $97.84 million during the quarter, compared to analyst estimates of $95.28 million. During the same quarter in the previous year, the business posted $0.56 EPS. On average, equities analysts predict that Sixth Street Specialty Lending will post 1.71 earnings per share for the current year.

Insider Transactions at Sixth Street Specialty Lending

In related news, VP Ross Anthony Bruck purchased 8,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $17.76 per share, with a total value of $142,080.00. Following the transaction, the vice president owned 18,250 shares of the company's stock, valued at $324,120. This represents a 78.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.83% of the company's stock.

Institutional Trading of Sixth Street Specialty Lending

Several institutional investors have recently made changes to their positions in TSLX. Fifth Third Bancorp bought a new position in shares of Sixth Street Specialty Lending during the first quarter valued at about $63,000. Advisory Services Network LLC bought a new position in Sixth Street Specialty Lending during the third quarter worth about $75,000. Redmont Wealth Advisors LLC grew its stake in Sixth Street Specialty Lending by 37.8% in the 4th quarter. Redmont Wealth Advisors LLC now owns 4,776 shares of the financial services provider's stock valued at $104,000 after buying an additional 1,310 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at $108,000. Finally, Arax Advisory Partners purchased a new position in Sixth Street Specialty Lending during the 4th quarter valued at about $109,000. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending Inc NYSE: TSLX is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.

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