Sixth Street Specialty Lending (NYSE: TSLX) saw its target price rise by stock analysts’ Raymond James from $ 23.50 to $ 25 in a note issued to investors Thursday, Benzinga reports. The brokerage currently has an âoutperformâ rating on the stocks of the financial services provider. Raymond James’ price target would indicate a potential rise of 4.87% from the current share price.
Meanwhile, Zacks Investment Research downgraded Sixth Street Specialty Lending from a âbuyâ rating to a âholdâ rating in a research report released on Friday, August 6.
NYSE TSLX shares opened at $ 23.84 on Thursday. The company’s 50-day mobile average price is $ 22.84, and its 200-day mobile average price is $ 22.68. The company has a market cap of $ 1.74 billion, a P / E ratio of 6.83, a P / E / G ratio of 1.31 and a beta of 1.19. Sixth Street Specialty Lending has a 52 week low of $ 16.59 and a 52 week high of $ 24.10. The company has a quick ratio of 0.63, a current ratio of 0.63, and a debt ratio of 1.07.
Sixth Street Specialty Lending (NYSE: TSLX) last released its quarterly earnings data on Tuesday, August 3. The financial services provider reported EPS of $ 0.38 for the quarter, missing Thomson Reuters’ consensus estimate of $ 0.50 ($ 0.12). Sixth Street Specialty Lending reported a return on equity of 12.65% and a net margin of 95.35%. The company posted revenue of $ 62.83 million in the quarter, compared to analysts’ expectations of $ 65.34 million. As a group, research analysts expect Sixth Street Specialty Lending to post earnings per share of 2.02 for the current year.
A number of large investors have recently increased or reduced their holdings in TSLX. FMR LLC strengthened its position in Sixth Street Specialty Lending by 9.5% in the 2nd quarter. FMR LLC now owns 3,941,541 shares of the financial services provider valued at $ 87,463,000 after acquiring 341,341 additional shares during the period. Baillie Gifford & Co. acquired a new stake in Sixth Street Specialty Lending in the 3rd quarter for a value of approximately $ 5,066,000. Morgan Stanley strengthened its position in Sixth Street Specialty Lending by 12.5% ââin the 2nd quarter. Morgan Stanley now owns 2,034,545 shares of the financial services provider valued at $ 45,147,000 after acquiring an additional 225,662 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Sixth Street Specialty Lending by 17.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,436,393 shares of the financial services provider valued at $ 30,207,000 after acquiring an additional 211,820 shares during the period. Finally, Van ECK Associates Corp increased its stake in Sixth Street Specialty Lending by 26.2% during the 2nd quarter. Van ECK Associates Corp now owns 946,324 shares of the financial services provider valued at $ 20,999,000 after purchasing an additional 196,178 shares in the last quarter. 49.50% of the shares are currently held by institutional investors.
About Sixth Street Specialty Loans
Sixth Street Specialty Lending, Inc acts as a private equity fund. The fund targets companies operating in healthcare, commerce, internet, industry and technology servers. It provides financing for senior debt, second debt, mezzanine and unsecured debt, equity and other investments, transaction size between $ 15-350 million, EBTIDA of 10-250 million dollars and an enterprise value of $ 50 million.
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