Brokerages Set Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Target Price at $22.67

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $22.67.

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

Insider Activity at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, Director Judy S. Slotkin purchased 7,015 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $19.90 per share, with a total value of $139,598.50. Following the completion of the acquisition, the director now directly owns 18,726 shares of the company’s stock, valued at approximately $372,647.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by company insiders.

Institutional Trading of Sixth Street Specialty Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Sixth Street Specialty Lending during the 1st quarter worth about $35,000. Cape Investment Advisory Inc. acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth about $65,000. Security National Bank acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $68,000. nVerses Capital LLC acquired a new position in shares of Sixth Street Specialty Lending in the 2nd quarter valued at approximately $70,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Sixth Street Specialty Lending in the 2nd quarter valued at approximately $77,000. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Trading Down 0.5 %

Shares of Sixth Street Specialty Lending stock opened at $20.51 on Wednesday. The company’s fifty day simple moving average is $20.96 and its 200-day simple moving average is $21.18. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 8.27 and a beta of 1.06. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.07. Sixth Street Specialty Lending has a 1 year low of $19.02 and a 1 year high of $22.35.

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 (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. The business had revenue of $121.82 million for the quarter, compared to the consensus estimate of $120.33 million. During the same quarter last year, the company posted $0.58 earnings per share. As a group, sell-side analysts expect that Sixth Street Specialty Lending will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.97%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 74.19%.

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.