LADENBURG THALM/SH SH Upgrades Sixth Street Specialty Lending (NYSE:TSLX) to Buy

Sixth Street Specialty Lending (NYSE:TSLX) was upgraded by investment analysts at LADENBURG THALM/SH SH from a “neutral” rating to a “buy” rating in a report released on Wednesday, MarketBeat.com reports. The firm currently has a $21.00 price target on the financial services provider’s stock. LADENBURG THALM/SH SH’s price target indicates a potential upside of 6.09% from the stock’s previous close.

TSLX has been the topic of several other reports. Wells Fargo & Company reduced their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. 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 report on Thursday, August 15th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $22.00.

Sixth Street Specialty Lending Trading Down 2.3 %

Shares of Sixth Street Specialty Lending stock opened at $19.80 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 1.90. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $22.35. The firm has a market cap of $1.85 billion, a PE ratio of 9.61 and a beta of 1.06. The company has a 50 day simple moving average of $20.66 and a two-hundred day simple moving average of $21.07.

Sixth Street Specialty Lending (NYSE:TSLX) 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 analysts’ consensus estimates of $0.57. The company had revenue of $119.22 million during the quarter, compared to the consensus estimate of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same period in the previous year, the firm posted $0.60 EPS. 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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Sixth Street Specialty Lending by 3.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 310,322 shares of the financial services provider’s stock worth $6,650,000 after acquiring an additional 9,510 shares during the period. LSV Asset Management grew its stake in Sixth Street Specialty Lending by 7.3% in the first quarter. LSV Asset Management now owns 1,215,312 shares of the financial services provider’s stock worth $26,044,000 after purchasing an additional 82,398 shares during the period. SG Americas Securities LLC bought a new position in Sixth Street Specialty Lending in the first quarter worth $552,000. Allen Investment Management LLC lifted its position in Sixth Street Specialty Lending by 18.3% during the first quarter. Allen Investment Management LLC now owns 616,979 shares of the financial services provider’s stock valued at $13,222,000 after buying an additional 95,410 shares during the period. Finally, Significant Wealth Partners LLC boosted its holdings in shares of Sixth Street Specialty Lending by 949.8% during the 1st quarter. Significant Wealth Partners LLC now owns 202,899 shares of the financial services provider’s stock valued at $4,348,000 after buying an additional 183,571 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.