Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $22.67 Average PT from Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.67.

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $20.48 on Wednesday. The stock has a 50 day moving average price of $20.96 and a 200 day moving average price of $21.18. Sixth Street Specialty Lending has a 52-week low of $19.02 and a 52-week high of $22.35. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $1.91 billion, a P/E ratio of 8.26 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $121.82 million during the quarter, compared to analyst estimates of $120.33 million. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. During the same quarter last year, the business posted $0.58 EPS. As a group, sell-side analysts predict that Sixth Street Specialty Lending will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.46 dividend. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, September 16th. This represents a $1.84 dividend on an annualized basis and a yield of 8.98%. Sixth Street Specialty Lending’s payout ratio is 74.19%.

Insider Buying and Selling at Sixth Street Specialty Lending

In related news, Director Judy S. Slotkin bought 7,015 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $19.90 per share, for a total transaction of $139,598.50. Following the completion of the purchase, the director now directly owns 18,726 shares of the company’s stock, valued at $372,647.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at $35,000. Cape Investment Advisory Inc. purchased a new stake in Sixth Street Specialty Lending during the 4th quarter valued at about $65,000. Security National Bank acquired a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $68,000. nVerses Capital LLC purchased a new position in shares of Sixth Street Specialty Lending in the second quarter worth about $70,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Sixth Street Specialty Lending during the second quarter worth about $77,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

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.