Analysts Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) PT at $22.67

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.67.

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TSLX. Raymond James & Associates boosted its stake in shares of Sixth Street Specialty Lending by 2.0% during the fourth quarter. Raymond James & Associates now owns 138,686 shares of the financial services provider’s stock valued at $2,996,000 after purchasing an additional 2,668 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Sixth Street Specialty Lending by 19.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 536,593 shares of the financial services provider’s stock valued at $11,590,000 after purchasing an additional 88,236 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of Sixth Street Specialty Lending by 86.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 87,873 shares of the financial services provider’s stock valued at $1,898,000 after purchasing an additional 40,632 shares during the period. Total Clarity Wealth Management Inc. boosted its stake in shares of Sixth Street Specialty Lending by 1.5% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 48,998 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 705 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Sixth Street Specialty Lending by 3,860.0% during the fourth quarter. International Assets Investment Management LLC now owns 23,760 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 23,160 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Trading Down 2.2 %

Shares of TSLX opened at $19.97 on Tuesday. The business’s 50-day moving average price is $21.45 and its 200-day moving average price is $21.38. Sixth Street Specialty Lending has a twelve month low of $19.02 and a twelve month high of $22.35. The stock has a market cap of $1.86 billion, a PE ratio of 8.05 and a beta of 1.05. The company has a quick ratio of 2.03, a current ratio of 1.90 and a debt-to-equity ratio of 1.07.

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

Sixth Street Specialty Lending Increases Dividend

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

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.