Brokerages Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Price Target at $23.07

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.07.

A number of research analysts have recently commented on TSLX shares. Keefe, Bruyette & Woods increased their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price target 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. Truist Financial raised their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada raised their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th.

Sixth Street Specialty Lending Trading Down 0.8 %

Shares of NYSE:TSLX opened at $21.79 on Wednesday. The stock has a 50 day moving average of $22.25 and a 200 day moving average of $21.32. The company has a market cap of $2.04 billion, a PE ratio of 10.74 and a beta of 1.08. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending has a 12-month low of $19.50 and a 12-month high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $120.07 million. As a group, equities research analysts expect that Sixth Street Specialty Lending will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a $0.07 dividend. This represents a dividend yield of 6.99%. This is a boost from Sixth Street Specialty Lending’s previous dividend of $0.05. The ex-dividend date of this dividend is Friday, February 28th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 90.64%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TSLX. First National Trust Co raised its position in Sixth Street Specialty Lending by 145.8% during the third quarter. First National Trust Co now owns 116,922 shares of the financial services provider’s stock valued at $2,400,000 after acquiring an additional 69,348 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Sixth Street Specialty Lending by 12.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 355,434 shares of the financial services provider’s stock worth $7,297,000 after acquiring an additional 40,330 shares during the last quarter. Barnett & Company Inc. boosted its stake in shares of Sixth Street Specialty Lending by 4.7% in the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 1,300 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the third quarter worth approximately $749,000. Finally, Muzinich & Co. Inc. boosted its stake in shares of Sixth Street Specialty Lending by 12.4% in the third quarter. Muzinich & Co. Inc. now owns 366,410 shares of the financial services provider’s stock worth $7,522,000 after acquiring an additional 40,330 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other 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.