Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.67.

Separately, Keefe, Bruyette & Woods dropped their price target on Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating for the company in a research note on Monday, May 6th.

Sixth Street Specialty Lending Stock Down 2.2 %

TSLX stock opened at $19.97 on Tuesday. Sixth Street Specialty Lending has a 1-year low of $19.02 and a 1-year high of $22.35. The business has a fifty day moving average price of $21.45 and a 200-day moving average price of $21.38. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 2.03. The stock has a market capitalization of $1.86 billion, a P/E ratio of 8.05 and a beta of 1.05.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $121.82 million during the quarter, compared to analysts’ expectations of $120.33 million. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. During the same quarter in the prior year, the business earned $0.58 earnings per share. Equities analysts forecast that Sixth Street Specialty Lending will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 9.21%. The ex-dividend date is Monday, September 16th. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. Sixth Street Specialty Lending’s payout ratio is presently 74.19%.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several institutional investors and hedge funds have recently modified their holdings of TSLX. Community Bank N.A. lifted its holdings in shares of Sixth Street Specialty Lending by 50.0% in the 4th quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 500 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Sixth Street Specialty Lending in the 1st quarter valued at about $35,000. Global Retirement Partners LLC lifted its holdings in shares of Sixth Street Specialty Lending by 105.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,757 shares of the financial services provider’s stock valued at $38,000 after buying an additional 900 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Sixth Street Specialty Lending by 576.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,281 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,944 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new position in Sixth Street Specialty Lending in the 4th quarter worth about $65,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

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.