Sixth Street Specialty Lending (NYSE:TSLX – Get Note) was upgraded by StockNews.com equity research analysts from a “sell” rating to a “hold” rating in a note issued to investors Thursday.
TSLX has been the subject of a number of other research reports. TheStreet downgraded shares of Sixth Street Specialty Lending from a “b-” rating to a “c” rating in a Thursday, August 11 research note. Raymond James cut his price target on Sixth Street Specialty Lending stock from $25.00 to $22.00 and set an “outperform” rating on the stock in a Thursday, Aug. 4, research note. One research analyst has rated the stock with a hold rating and three have assigned the company a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.38.
Sixth Street specialty lending stock down 1.0%
Sixth Street Specialty Lending shares 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 company has a market capitalization of $1.43 billion, a price-earnings ratio of 10.82 and a beta of 1.05. The company has a debt 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 reported quarterly results on Tuesday, August 2. The financial services provider reported earnings per share of $0.51 for the quarter, beating consensus analyst 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 company posted revenue of $63.89 million for the quarter, versus analyst estimates of $69.95 million. As a group, sell-side analysts expect Sixth Street Specialty Lending to post 1.95 EPS for the current year.
Sixth Street Specialty Lending Institutional Negotiation
A number of institutional investors have recently changed their positions in TSLX. FMR LLC increased its stake 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 worth $73,346,000 after purchasing an additional 32,660 shares in the last quarter. Sound Income Strategies LLC increased its stake 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 worth $26,237,000 after purchasing an additional 42,048 shares in the last quarter. Van ECK Associates Corp increased its holdings in Sixth Street Specialty Lending by 20.8% in the first quarter. Van ECK Associates Corp now owns 1,234,247 shares of the financial services provider worth $28,746,000 after buying an additional 212,401 shares in the last quarter. Progeny 3 Inc. increased its stake 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 worth $25,768,000 after purchasing an additional 256,418 shares in the last quarter. Finally, Bank of America Corp DE increased its stake 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 worth $22,530,000 after buying an additional 94,277 shares in the last quarter. Institutional investors hold 43.63% of the company’s shares.
Sixth Street Specialty Loan Company Profile
(Get a rating)
Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund offers senior secured loans (first lien, second lien and unitranche), unsecured loans, mezzanine debt and investments in corporate bonds, equity and structured products, equity structured non-controlling interests and common stock with an emphasis on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations and refinancing.
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