Wells Fargo & Company Lowers Sixth Street Specialty Lending (NYSE:TSLX) Price Target to $19.00

Sixth Street Specialty Lending (NYSE:TSLX) had its price objective reduced by investment analysts at Wells Fargo & Company from $20.00 to $19.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 5.64% from the company’s current price.

A number of other research firms have also recently issued reports on TSLX. Royal Bank Of Canada cut their price target on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Weiss Ratings cut Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Keefe, Bruyette & Woods dropped their price objective on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Truist Financial dropped their price objective on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, Citizens Jmp dropped their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.29.

Sixth Street Specialty Lending Stock Up 0.5%

Shares of NYSE:TSLX opened at $17.99 on Thursday. Sixth Street Specialty Lending has a 52 week low of $16.99 and a 52 week high of $25.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.83 and a current ratio of 3.39. The company’s fifty day moving average is $18.35 and its 200-day moving average is $20.36. The company has a market capitalization of $1.71 billion, a PE ratio of 15.64 and a beta of 0.65.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. The business had revenue of $93.40 million during the quarter, compared to the consensus estimate of $103.14 million. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts predict that Sixth Street Specialty Lending will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In other Sixth Street Specialty Lending news, VP Alan Waxman acquired 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of $18.18 per share, for a total transaction of $3,636,000.00. Following the transaction, the vice president owned 500,000 shares of the company’s stock, valued at $9,090,000. This trade represents a 66.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders purchased 545,000 shares of company stock valued at $9,997,150. 3.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Several institutional investors and hedge funds have recently modified their holdings of TSLX. Royal Bank of Canada grew its position in shares of Sixth Street Specialty Lending by 8.0% in the 1st quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock valued at $2,780,000 after purchasing an additional 9,230 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Sixth Street Specialty Lending by 38.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 4,597 shares during the period. Invesco Ltd. grew its position in shares of Sixth Street Specialty Lending by 8.0% in the 2nd quarter. Invesco Ltd. now owns 30,628 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 2,263 shares during the period. Marshall Wace LLP grew its position in shares of Sixth Street Specialty Lending by 186.6% in the 2nd quarter. Marshall Wace LLP now owns 75,811 shares of the financial services provider’s stock valued at $1,805,000 after purchasing an additional 49,362 shares during the period. Finally, Glenview Trust co acquired a new position in shares of Sixth Street Specialty Lending in the 2nd quarter valued at approximately $231,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Key Sixth Street Specialty Lending News

Here are the key news stories impacting Sixth Street Specialty Lending this week:

• Positive Sentiment: TSLX priced a $300 million offering of 5.650% unsecured notes due 2031, with proceeds expected to be used to pay down existing debt. The move may improve its liability profile and support balance-sheet flexibility. Article Title
• Positive Sentiment: Several firms still see upside despite trimming targets: RBC kept an outperform rating, KBW maintained outperform, Truist kept a buy rating, and Wells Fargo kept overweight. These reports suggest analysts still view TSLX as undervalued even after lowering price targets.
• Neutral Sentiment: The company’s Q1 earnings call highlighted both a net asset value hit and some upside, suggesting investors are still digesting mixed fundamentals rather than reacting to one clear surprise. Article Title
• Negative Sentiment: JPMorgan cut its price target on TSLX to $17.50 and maintained a neutral rating, while other firms also reduced targets. The lower estimates likely added pressure to the stock and reflect more cautious near-term expectations.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.