Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Receives $22.67 Average PT from Analysts

Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.67.

Separately, 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 Thursday, August 15th.

Sixth Street Specialty Lending Trading Down 0.5 %

NYSE:TSLX opened at $20.51 on Wednesday. Sixth Street Specialty Lending has a twelve month low of $19.02 and a twelve month high of $22.35. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average price of $20.96 and a two-hundred day moving average price of $21.18. The company has a market cap of $1.90 billion, a P/E ratio of 8.27 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. The firm had revenue of $121.82 million during the quarter, compared to the consensus estimate of $120.33 million. During the same quarter in the prior year, the firm posted $0.58 EPS. As a group, analysts expect that Sixth Street Specialty Lending will post 2.31 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 8.97%. 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. Sixth Street Specialty Lending’s dividend payout ratio is 74.19%.

Insider Activity at Sixth Street Specialty Lending

In other news, Director Judy S. Slotkin acquired 7,015 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $19.90 per share, with a total value of $139,598.50. Following the acquisition, the director now directly owns 18,726 shares in the company, valued at approximately $372,647.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.