Truist Financial Forecasts Strong Price Appreciation for Sixth Street Specialty Lending (NYSE:TSLX) Stock

Sixth Street Specialty Lending (NYSE:TSLX) had its target price boosted by investment analysts at Truist Financial from $23.00 to $24.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target would suggest a potential upside of 3.95% from the stock’s previous close.

A number of other research analysts have also recently issued reports on TSLX. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 target price 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 stock an “overweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods upped their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday. 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 a consensus price target of $22.79.

Sixth Street Specialty Lending Stock Up 0.2 %

NYSE:TSLX opened at $23.09 on Tuesday. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $23.15. 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 stock has a market cap of $2.16 billion, a price-to-earnings ratio of 11.37 and a beta of 1.06. The stock 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 posted its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $120.07 million. As a group, equities analysts expect that Sixth Street Specialty Lending will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TSLX. Raymond James Financial Inc. acquired a new position in Sixth Street Specialty Lending during the fourth quarter valued at approximately $17,488,000. Columbus Macro LLC acquired a new position in Sixth Street Specialty Lending during the fourth quarter valued at approximately $7,669,000. Progeny 3 Inc. boosted its position in Sixth Street Specialty Lending by 10.6% during the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider’s stock valued at $46,249,000 after purchasing an additional 215,996 shares during the last quarter. Parkwood LLC acquired a new position in Sixth Street Specialty Lending during the fourth quarter valued at approximately $3,937,000. Finally, JPMorgan Chase & Co. boosted its position in Sixth Street Specialty Lending by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock valued at $24,131,000 after purchasing an additional 162,810 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

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.