Sixth Street Specialty Lending (NYSE:TSLX) Price Target Raised to $23.00 at JPMorgan Chase & Co.

Sixth Street Specialty Lending (NYSE:TSLX) had its price target raised by equities researchers at JPMorgan Chase & Co. from $22.50 to $23.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 0.38% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company upped their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.79.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $23.09 on Tuesday. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $23.15. The stock’s 50 day moving average price is $21.67 and its 200-day moving average price is $21.07. The company has a market capitalization of $2.16 billion, a PE ratio of 11.37 and a beta of 1.06. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The business had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. On average, equities analysts anticipate that Sixth Street Specialty Lending will post 2.22 EPS for the current year.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont bought a new stake in Sixth Street Specialty Lending during the 4th quarter valued at $39,000. First Horizon Advisors Inc. increased its holdings in shares of Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 465 shares during the period. Quarry LP increased its holdings in shares of Sixth Street Specialty Lending by 378.3% in the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,238 shares during the period. Signaturefd LLC increased its holdings in shares of Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 550 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth $109,000. Institutional investors own 70.25% of the company’s stock.

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.