Sixth Street Specialty Lending (NYSE:TSLX) Downgraded by LADENBURG THALM/SH SH to “Neutral”

Sixth Street Specialty Lending (NYSE:TSLX) was downgraded by investment analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday,Finviz reports.

TSLX has been the topic of a number of other reports. Wells Fargo & Company raised their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Sixth Street Specialty Lending Price Performance

TSLX stock traded up $0.14 during trading on Friday, reaching $22.61. The company’s stock had a trading volume of 372,061 shares, compared to its average volume of 282,742. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $23.15. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $2.11 billion, a P/E ratio of 10.97 and a beta of 1.06. The company’s fifty day moving average is $21.54 and its 200-day moving average is $21.00.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. On average, research analysts expect that Sixth Street Specialty Lending will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at $254,000. MGO One Seven LLC raised its holdings in shares of Sixth Street Specialty Lending by 10.7% in the 4th quarter. MGO One Seven LLC now owns 394,394 shares of the financial services provider’s stock valued at $8,401,000 after purchasing an additional 38,240 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Sixth Street Specialty Lending by 5.5% in the 4th quarter. IHT Wealth Management LLC now owns 95,450 shares of the financial services provider’s stock valued at $2,033,000 after purchasing an additional 5,015 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Sixth Street Specialty Lending by 15.9% in the 4th quarter. Stifel Financial Corp now owns 638,793 shares of the financial services provider’s stock valued at $13,606,000 after purchasing an additional 87,798 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Sixth Street Specialty Lending by 32.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 43,554 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 10,641 shares in the last quarter. Hedge funds and other institutional investors 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.