Wall Street Zen Upgrades Sixth Street Specialty Lending (NYSE:TSLX) to “Hold”

Sixth Street Specialty Lending (NYSE:TSLX) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently weighed in on TSLX. Truist Financial reduced their price target on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Wells Fargo & Company dropped their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. cut their target price on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings downgraded Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, Citizens Jmp decreased their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock opened at $19.10 on Friday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 20.10 and a beta of 0.59. Sixth Street Specialty Lending has a 52 week low of $16.04 and a 52 week high of $24.79. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24. The firm’s 50 day moving average is $17.20 and its two-hundred day moving average is $18.24.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. The business had revenue of $97.84 million during the quarter, compared to the consensus estimate of $95.28 million. During the same quarter in the previous year, the firm earned $0.56 EPS. Research analysts forecast that Sixth Street Specialty Lending will post 1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its stake in shares of Sixth Street Specialty Lending by 16.0% in the 4th quarter. Legal & General Group Plc now owns 665,352 shares of the financial services provider’s stock worth $14,455,000 after acquiring an additional 91,578 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at about $2,809,000. Tectonic Advisors LLC boosted its holdings in shares of Sixth Street Specialty Lending by 10.5% in the fourth quarter. Tectonic Advisors LLC now owns 617,476 shares of the financial services provider’s stock valued at $13,412,000 after acquiring an additional 58,538 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of Sixth Street Specialty Lending by 157.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 469,109 shares of the financial services provider’s stock worth $10,189,000 after acquiring an additional 286,724 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Sixth Street Specialty Lending by 11.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 741,125 shares of the financial services provider’s stock worth $16,097,000 after acquiring an additional 78,229 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.