Brokerages Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Price Target at $23.28

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $23.2778.

TSLX has been the subject of several recent research reports. Wells Fargo & Company raised their price target on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JMP Securities raised their price target on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Finally, B. Riley initiated coverage on shares of Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They issued a “buy” rating and a $23.00 price target for the company.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Several institutional investors have recently modified their holdings of the company. Texas Yale Capital Corp. lifted its position in shares of Sixth Street Specialty Lending by 1.4% during the 2nd quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock worth $845,000 after purchasing an additional 500 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Sixth Street Specialty Lending by 1.2% during the 1st quarter. Cornerstone Wealth Management LLC now owns 46,732 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 548 shares during the last quarter. Mallini Complete Financial Planning LLC lifted its position in shares of Sixth Street Specialty Lending by 4.5% during the 1st quarter. Mallini Complete Financial Planning LLC now owns 13,028 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 558 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Sixth Street Specialty Lending by 4.3% during the 1st quarter. Parallel Advisors LLC now owns 20,708 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 848 shares during the last quarter. Finally, Mirador Capital Partners LP raised its stake in Sixth Street Specialty Lending by 4.4% during the 2nd quarter. Mirador Capital Partners LP now owns 21,920 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 919 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $24.60 on Wednesday. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07. Sixth Street Specialty Lending has a 52 week low of $18.58 and a 52 week high of $25.17. The stock has a market capitalization of $2.32 billion, a PE ratio of 12.24 and a beta of 0.85. The firm has a 50 day moving average of $24.23 and a two-hundred day moving average of $22.83.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. The company had revenue of $115.00 million during the quarter, compared to analysts’ expectations of $110.42 million. During the same quarter last year, the company posted $0.58 EPS. On average, research analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, September 15th. Sixth Street Specialty Lending’s payout ratio is 91.54%.

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.