Sixth Street Specialty Lending (NYSE:TSLX) Rating Increased to Buy at LADENBURG THALM/SH SH

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 research note issued on Wednesday, MarketBeat Ratings reports. The firm presently has a $21.00 price objective on the financial services provider’s stock. LADENBURG THALM/SH SH’s price objective points to a potential upside of 4.63% from the company’s current price.

A number of other research firms also recently weighed in on TSLX. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. Wells Fargo & Company dropped their price objective 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.21.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX traded down $0.12 on Wednesday, reaching $20.07. The stock had a trading volume of 378,029 shares, compared to its average volume of 345,855. Sixth Street Specialty Lending has a 1-year low of $19.50 and a 1-year high of $22.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $1.87 billion, a P/E ratio of 8.45 and a beta of 1.06. The firm has a fifty day moving average of $20.70 and a two-hundred day moving average of $21.08.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. The business had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same period in the prior year, the company posted $0.60 earnings per share. On average, equities research analysts anticipate that Sixth Street Specialty Lending will post 2.31 EPS for the current year.

Institutional Trading of Sixth Street Specialty Lending

Several large investors have recently bought and sold shares of the business. LSV Asset Management lifted its holdings in shares of 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 acquiring an additional 82,398 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Sixth Street Specialty Lending in the first quarter valued at approximately $552,000. Allen Investment Management LLC boosted its position in Sixth Street Specialty Lending by 18.3% in 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 in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Sixth Street Specialty Lending by 5.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 572,480 shares of the financial services provider’s stock worth $12,222,000 after buying an additional 29,365 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Sixth Street Specialty Lending by 26.8% during the third quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider’s stock worth $524,000 after buying an additional 5,398 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

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.