By otakuyassine3@gmail.com 
Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Free Report) shares traded down 0.6% during mid-day trading on Tuesday . The stock traded as low as $20.46 and last traded at $20.52. 62,632 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 345,085 shares. The stock had previously closed at $20.65.
Analysts Set New Price Targets
A number of brokerages recently issued reports on TSLX. Wells Fargo & Company lowered their price target on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Buy” and an average price target of $22.00.
Read Our Latest Stock Report on TSLX
Sixth Street Specialty Lending Trading Up 1.9 %
The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 10.10 and a beta of 1.06. The company’s 50-day moving average price is $20.75 and its 200-day moving average price is $20.96. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17.
Sixth Street Specialty Lending (NYSE:TSLX – Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The company had revenue of $119.22 million for the quarter, compared to analysts’ expectations of $119.85 million. During the same period in the previous year, the firm posted $0.60 EPS. Equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current fiscal year.
Sixth Street Specialty Lending Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be given a dividend of $0.05 per share. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending’s payout ratio is 89.32%.
Institutional Investors Weigh In On Sixth Street Specialty Lending
A number of hedge funds have recently modified their holdings of the business. Nations Financial Group Inc. IA ADV increased its stake in shares of Sixth Street Specialty Lending by 1.7% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider’s stock worth $788,000 after acquiring an additional 627 shares during the last quarter. IFG Advisory LLC increased its position in Sixth Street Specialty Lending by 6.3% during the second quarter. IFG Advisory LLC now owns 17,512 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 1,039 shares during the last quarter. Barnett & Company Inc. increased its position in Sixth Street Specialty Lending by 4.7% during the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 1,300 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Sixth Street Specialty Lending by 6.3% during the third quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 1,441 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Sixth Street Specialty Lending by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,376 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 1,660 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
Receive News & Ratings for Sixth Street Specialty Lending Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sixth Street Specialty Lending and related companies with MarketBeat.com’s FREE daily email newsletter.