Royal Bank of Canada Forecasts Strong Price Appreciation for Sixth Street Specialty Lending (NYSE:TSLX) Stock

Sixth Street Specialty Lending (NYSE:TSLX) had its price objective raised by investment analysts at Royal Bank of Canada from $23.00 to $25.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective points to a potential upside of 7.58% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on TSLX. 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. JPMorgan Chase & Co. boosted 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, February 18th. Keefe, Bruyette & Woods raised their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Truist Financial upped their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company raised their price objective on shares of 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

Sixth Street Specialty Lending Stock Down 0.1 %

Shares of TSLX stock opened at $23.24 on Wednesday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.45 and a beta of 1.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. The stock’s 50 day simple moving average is $21.91 and its 200 day simple moving average is $21.17. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $23.66.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. As a group, research analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Institutional Trading of Sixth Street Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of TSLX. Ameriflex Group Inc. bought a new stake in Sixth Street Specialty Lending in the fourth quarter valued at about $27,000. Trust Co. of Vermont bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $39,000. First Horizon Advisors Inc. grew its stake in shares of Sixth Street Specialty Lending by 25.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 465 shares during the period. Quarry LP raised its holdings in shares of Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,238 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Sixth Street Specialty Lending by 13.3% during the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after buying an additional 550 shares during the period. 70.25% of the stock is currently owned by institutional investors.

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.