Sixth Street Specialty Lending (NYSE:TSLX) Stock Rating Upgraded by LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending (NYSE:TSLX) from a neutral rating to a buy rating in a research report released on Wednesday morning, Marketbeat reports. They currently have $21.00 price target on the financial services provider’s stock.

Several other analysts also recently issued reports on the company. Wells Fargo & Company lowered their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Thursday, August 15th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $22.00.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock opened at $20.33 on Wednesday. The business’s fifty day moving average price is $20.64 and its 200 day moving average price is $21.06. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $22.35. The company has a current ratio of 2.50, a quick ratio of 1.90 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $1.90 billion, a P/E ratio of 9.87 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results 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 business had revenue of $119.22 million during the quarter, compared to analysts’ expectations of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same quarter in the previous year, the business earned $0.60 EPS. As a group, research analysts anticipate that Sixth Street Specialty Lending will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.05 per share. This represents a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 89.32%.

Institutional Investors Weigh In On Sixth Street Specialty Lending

Institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Sixth Street Specialty Lending during the first quarter worth $35,000. nVerses Capital LLC bought a new stake in Sixth Street Specialty Lending in the second quarter valued at $70,000. Ridgewood Investments LLC acquired a new stake in shares of Sixth Street Specialty Lending in the 2nd quarter worth about $77,000. Future Financial Wealth Managment LLC acquired a new position in Sixth Street Specialty Lending during the 3rd quarter valued at about $86,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending during the second quarter valued at approximately $109,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Company Profile

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.