Sixth Street Specialty Lending (NYSE: TSLX) had its price target raised by Wells Fargo & Company from $24.50 to $25.00 in a research note released Tuesday, Analyst Price Targets reports. The brokerage currently has an “overweight” rating on shares of the financial services provider. Wells Fargo & Company’s price target indicates a potential upside of 4.30% from the company’s current price.
TSLX has been the subject of several other reports. Zacks Investment Research downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “hold” rating in a Wednesday, January 12 research report. JMP Securities raised its price target on shares of Sixth Street Specialty Lending from $24.00 to $25.50 and gave the stock a “market outperforming” rating in a Thursday, Nov. 4, research note. . Finally, Raymond James raised his price target on Sixth Street Specialty Lending stock from $23.50 to $25.00 and gave the stock an “outperform” rating in a Thursday, Nov. 4, research report. . Two research analysts gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $24.90.
TSLX opened at $23.97 on Tuesday. The company has a fifty-day simple moving average of $23.51 and a 200-day simple moving average of $23.34. The company has a market capitalization of $1.75 billion, a price-earnings ratio of 8.04, a PEG ratio of 1.27 and a beta of 1.18. Sixth Street Specialty Lending has a 12-month low of $20.36 and a 12-month high of $24.74. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt ratio of 0.88.
Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly results on Thursday, February 17. The financial services provider reported earnings per share of $0.63 for the quarter, beating the Zacks consensus estimate of $0.53 by $0.10. Sixth Street Specialty Lending had a net margin of 85.14% and a return on equity of 12.26%. In the same quarter last year, the company posted earnings per share of $0.50. On average, analysts expect Sixth Street Specialty Lending to post earnings per share of 2.04 for the current fiscal year.
Several hedge funds have recently changed their holdings in the company. Amundi Pioneer Asset Management Inc. increased its equity stake in Sixth Street Specialty Lending by 152.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 36,550 shares of the financial services provider worth $731,000 after buying an additional 22,050 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sixth Street Specialty Lending by 1.4% in the second quarter. JPMorgan Chase & Co. now owns 138,047 shares of the financial services provider worth $3,063,000 after buying 1,903 additional shares in the last quarter. LPL Financial LLC increased its holdings in Sixth Street Specialty Lending by 80.3% in the second quarter. LPL Financial LLC now owns 137,742 shares of the financial services provider valued at $3,056,000 after purchasing an additional 61,354 shares during the period. Northern Trust Corp increased its holdings in Sixth Street Specialty Lending by 60.3% in the second quarter. Northern Trust Corp now owns 28,259 shares of the financial services provider valued at $627,000 after buying an additional 10,633 shares during the period. Finally, Goldman Sachs Group Inc. increased its equity stake in Sixth Street Specialty Lending by 24.5% during the second quarter. Goldman Sachs Group Inc. now owns 140,929 shares of the financial services provider valued at $3,127,000 after purchasing an additional 27,703 shares during the period. 49.42% of the shares are held by institutional investors.
Sixth Street Specialty Loan Company Profile
Sixth Street Specialty Lending, Inc acts as a private equity fund. The fund targets companies operating in the areas of healthcare, commerce, internet, industry, technology servers. It provides financing for senior debt, second lien debt, mezzanine and unsecured debt and equity and other investments, deal size between $15 million and $350 million, EBTIDA between $10 million and $250 million dollars and $50 million enterprise value.
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