Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Thursday.
TSLX has been the topic of a number of other research reports. TheStreet lowered shares of Sixth Street Specialty Lending from a "b-" rating to a "c" rating in a research note on Thursday, August 11th. Raymond James cut their price target on shares of Sixth Street Specialty Lending from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, August 4th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.38.
Get Sixth Street Specialty Lending alerts:Sixth Street Specialty Lending Stock Down 1.0 %
Sixth Street Specialty Lending stock opened at $17.64 on Thursday. The company's 50 day simple moving average is $18.86 and its 200 day simple moving average is $20.46. Sixth Street Specialty Lending has a fifty-two week low of $17.62 and a fifty-two week high of $24.74. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 10.82 and a beta of 1.05. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.75 and a quick ratio of 0.75.
Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Sixth Street Specialty Lending had a net margin of 44.20% and a return on equity of 12.98%. The firm had revenue of $63.89 million for the quarter, compared to analyst estimates of $69.95 million. As a group, sell-side analysts anticipate that Sixth Street Specialty Lending will post 1.95 EPS for the current year.Institutional Trading of Sixth Street Specialty Lending
A number of institutional investors have recently made changes to their positions in TSLX. FMR LLC increased its holdings in Sixth Street Specialty Lending by 0.8% during the second quarter. FMR LLC now owns 3,964,681 shares of the financial services provider's stock worth $73,346,000 after buying an additional 32,660 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Sixth Street Specialty Lending by 3.1% during the second quarter. Sound Income Strategies LLC now owns 1,418,208 shares of the financial services provider's stock worth $26,237,000 after buying an additional 42,048 shares during the last quarter. Van ECK Associates Corp increased its holdings in Sixth Street Specialty Lending by 20.8% during the first quarter. Van ECK Associates Corp now owns 1,234,247 shares of the financial services provider's stock worth $28,746,000 after buying an additional 212,401 shares during the last quarter. Progeny 3 Inc. increased its holdings in Sixth Street Specialty Lending by 30.2% during the first quarter. Progeny 3 Inc. now owns 1,106,395 shares of the financial services provider's stock worth $25,768,000 after buying an additional 256,418 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Sixth Street Specialty Lending by 10.8% during the first quarter. Bank of America Corp DE now owns 967,347 shares of the financial services provider's stock worth $22,530,000 after buying an additional 94,277 shares during the last quarter. Institutional investors own 43.63% of the company's stock.
Sixth Street Specialty Lending Company Profile
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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.
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