Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $22.60 Consensus PT from Analysts

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.60.

Several equities analysts have recently commented on TSLX shares. Wells Fargo & Company upped their price target on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Truist Financial upped their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Royal Bank of Canada lifted their price target on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.50 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, March 26th.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX opened at $21.17 on Friday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 8.14 and a beta of 1.04. The firm’s 50-day moving average price is $21.16 and its two-hundred day moving average price is $21.06. Sixth Street Specialty Lending has a 52-week low of $17.31 and a 52-week high of $22.35. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.19.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. The business had revenue of $119.50 million for the quarter, compared to the consensus estimate of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. During the same quarter last year, the business posted $0.65 EPS. As a group, sell-side analysts forecast that Sixth Street Specialty Lending will post 2.35 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.08 dividend. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, March 14th. Sixth Street Specialty Lending’s dividend payout ratio is currently 70.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TSLX. Community Bank N.A. boosted its stake in Sixth Street Specialty Lending by 50.0% during the fourth 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 in the last quarter. BluePath Capital Management LLC bought a new position in shares of Sixth Street Specialty Lending during the 3rd quarter valued at about $33,000. Global Retirement Partners LLC grew its stake 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 worth $38,000 after purchasing an additional 900 shares during the last quarter. Tower Research Capital LLC TRC raised 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 worth $49,000 after purchasing an additional 1,944 shares in the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in Sixth Street Specialty Lending during the fourth quarter valued at approximately $65,000. 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.