Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $22.67.
Separately, Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th.
View Our Latest Analysis on Sixth Street Specialty Lending
Shares of NYSE:TSLX opened at $20.50 on Friday. Sixth Street Specialty Lending has a 12-month low of $19.02 and a 12-month high of $22.35. The stock's 50-day moving average price is $20.74 and its two-hundred day moving average price is $21.13. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 8.69 and a beta of 1.06.
Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings results 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 for 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 earned $0.58 EPS. On average, research analysts forecast that Sixth Street Specialty Lending will post 2.31 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.46 dividend. This is a positive change from Sixth Street Specialty Lending's previous quarterly dividend of $0.06. This represents a $1.84 annualized dividend and a yield of 8.98%. The ex-dividend date was Monday, September 16th. Sixth Street Specialty Lending's payout ratio is 77.97%.
In other Sixth Street Specialty Lending news, Director Judy S. Slotkin bought 7,015 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $19.90 per share, with a total value of $139,598.50. Following the acquisition, the director now directly owns 18,726 shares of the company's stock, valued at $372,647.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC boosted its position in Sixth Street Specialty Lending by 2.5% in the 3rd quarter. Sound Income Strategies LLC now owns 2,183,060 shares of the financial services provider's stock valued at $44,818,000 after buying an additional 53,961 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Sixth Street Specialty Lending in the third quarter valued at about $86,000. Sanctuary Advisors LLC acquired a new stake in Sixth Street Specialty Lending in the second quarter worth about $493,000. Cetera Investment Advisers raised its holdings in Sixth Street Specialty Lending by 9.9% during the 2nd quarter. Cetera Investment Advisers now owns 368,742 shares of the financial services provider's stock worth $7,873,000 after purchasing an additional 33,228 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc lifted its position in Sixth Street Specialty Lending by 4.0% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 128,694 shares of the financial services provider's stock valued at $2,748,000 after purchasing an additional 4,895 shares during the period. 70.25% of the stock is owned by institutional investors.
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.
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