Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Rating) received an average recommendation of “Buy” from the six research firms that cover the stock, Marketbeat reports. One analyst rated the stock with a sell recommendation, one gave a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock over the past year is $24.63.
Several analysts have weighed in on the company recently. Wells Fargo & Company raised its price target on Sixth Street Specialty Lending from $24.50 to $25.00 and gave the company an “overweight” rating in a Tuesday, February 22 report. Zacks Investment Research downgraded Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a Thursday, February 24, report.
Shares of TSLX opened at $22.62 on Friday. The company has a debt ratio of 0.93, a quick ratio of 0.44 and a current ratio of 0.44. Sixth Street Specialty Lending has a 1-year low of $20.36 and a 1-year high of $24.74. The stock has a fifty-day moving average of $23.46 and a two-hundred-day moving average of $23.32. The company has a market capitalization of $1.72 billion, a PE ratio of 8.20 and a beta of 1.13.
Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) last reported quarterly results on Thursday, February 17. The financial services provider reported earnings per share (EPS) of $0.63 for the quarter, beating Zacks’ consensus estimate of $0.53 by $0.10. Sixth Street Specialty Lending had a return on equity of 12.97% and a net margin of 76.02%. During the same quarter last year, the firm posted earnings per share of $0.50. Equity research analysts expect Sixth Street Specialty Lending to post 2.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 18. Investors of record on Tuesday, March 15 will receive a dividend of $0.41 per share. This represents an annualized dividend of $1.64 and a yield of 7.25%. The ex-dividend date is Monday, March 14. Sixth Street Specialty Lending’s payout ratio is 59.42%.
In other news, Director Richard A. Higginbotham purchased 2,000 shares of the company in a trade on Monday, March 7. The shares were purchased at an average cost of $22.82 per share, with a total value of $45,640.00. The acquisition was disclosed in a filing with the SEC, which is available via this hyperlink. 4.10% of the shares are currently held by insiders.
Institutional investors and hedge funds have recently increased or reduced their stake in the company. Signaturefd LLC increased its stake in shares of Sixth Street Specialty Lending by 122.8% during Q3. Signaturefd LLC now owns 1,125 shares of the financial services provider worth $25,000 after acquiring an additional 620 shares in the last quarter. UMB Bank NA MO purchased a new equity stake in Sixth Street Specialty Lending during Q4 for a value of approximately $40,000. Moors & Cabot Inc. purchased a new stake in shares of Sixth Street Specialty Lending during Q3 for a value of approximately $60,000. Future Financial Wealth Managment LLC purchased a new equity stake in Sixth Street Specialty Lending during Q4 for a value of approximately $92,000. Finally, Total Clarity Wealth Management Inc. purchased a new equity stake in Sixth Street Specialty Lending during Q3 for a value of approximately $94,000. Institutional investors hold 49.45% of the company’s shares.
About Sixth Street Specialty Loans (Get a rating)
Sixth Street Specialty Lending, Inc acts as a private equity fund. The fund targets companies operating in the areas of healthcare, commerce, internet, industry, technology servers. It provides financing for senior debt, second lien debt, mezzanine and unsecured debt and equity and other investments, deal size between $15 million and $350 million, EBTIDA between $10 million and $250 million dollars and $50 million enterprise value.
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