Sixth Street Specialty Lending (NYSE:TSLX) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Sixth Street Specialty Lending (NYSE:TSLX) had its price objective upped by stock analysts at Keefe, Bruyette & Woods from $21.50 to $23.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 0.38% from the company’s previous close.

A number of other equities research analysts have also commented on TSLX. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company raised their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and an average price target of $22.79.

Sixth Street Specialty Lending Trading Up 0.2 %

Shares of NYSE TSLX opened at $23.09 on Tuesday. Sixth Street Specialty Lending has a one year low of $19.50 and a one year high of $23.15. The firm has a market capitalization of $2.16 billion, a PE ratio of 11.37 and a beta of 1.06. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $21.67 and a two-hundred day moving average price of $21.07.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. As a group, analysts predict that Sixth Street Specialty Lending will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its stake in shares of Sixth Street Specialty Lending by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock valued at $50,972,000 after acquiring an additional 103,634 shares in the last quarter. Progeny 3 Inc. raised its stake in shares of Sixth Street Specialty Lending by 6.1% in the 4th quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider’s stock valued at $50,921,000 after acquiring an additional 137,906 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Sixth Street Specialty Lending by 5.6% in the 4th quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider’s stock valued at $49,104,000 after acquiring an additional 122,312 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Sixth Street Specialty Lending by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider’s stock valued at $46,700,000 after acquiring an additional 37,442 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Sixth Street Specialty Lending by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider’s stock valued at $25,201,000 after acquiring an additional 33,026 shares in the last quarter. 70.25% of the stock is 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.