Sixth Street Specialty Lending (NYSE:TSLX) Price Target Cut to $21.50 by Analysts at Keefe, Bruyette & Woods

Sixth Street Specialty Lending (NYSE:TSLX) had its price objective dropped by research analysts at Keefe, Bruyette & Woods from $23.00 to $21.50 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 5.76% from the company’s previous close.

Several other brokerages also recently weighed in on TSLX. Wells Fargo & Company cut their price target 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. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Thursday, August 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Buy” and a consensus target price of $22.00.

Sixth Street Specialty Lending Trading Up 2.7 %

Shares of NYSE:TSLX opened at $20.33 on Thursday. The company has a quick ratio of 1.90, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending has a 52-week low of $19.50 and a 52-week high of $22.35. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 9.87 and a beta of 1.06. The business has a 50-day moving average price of $20.64 and a 200-day moving average price of $21.06.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $119.22 million for 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 quarter in the prior year, the company earned $0.60 EPS. Equities analysts predict that Sixth Street Specialty Lending will post 2.31 EPS for the current 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 stock. Van ECK Associates Corp increased its stake in shares of Sixth Street Specialty Lending by 6.6% during the third quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider’s stock worth $47,117,000 after purchasing an additional 141,463 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Sixth Street Specialty Lending by 2.5% in the 3rd quarter. Sound Income Strategies LLC now owns 2,183,060 shares of the financial services provider’s stock worth $44,818,000 after buying an additional 53,961 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Sixth Street Specialty Lending by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,105,853 shares of the financial services provider’s stock worth $44,960,000 after buying an additional 29,034 shares in the last quarter. Progeny 3 Inc. raised its holdings in shares of Sixth Street Specialty Lending by 2.6% during the second quarter. Progeny 3 Inc. now owns 2,036,778 shares of the financial services provider’s stock valued at $43,485,000 after acquiring an additional 50,908 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of Sixth Street Specialty Lending by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 1,279,000 shares of the financial services provider’s stock valued at $27,307,000 after acquiring an additional 79,000 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.