Stocks of Sixth Street Specialty Lending Inc. (NYSE:TSLX) traded higher last session on Wall Street, up 1.49% to $19.05.
According to the data, Sixth Street Specialty Lending Inc. (NYSE:TSLX) has 11 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $20.00, we find $21.00. Given the previous closing price of $18.77, this indicates a potential upside of 11.88 percent. TSLX stock price is now 4.25% away from the 50-day moving average and -0.39% away from the 200-day moving average. The market capitalization of the company currently stands at $1.54B.
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A total of 2 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $21.00 as their price target over the next twelve months.
On April 16, 2021, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $23, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Brett Anton, Chief Compliance Officer bought 500 shares of the company’s stock on Aug 18. The stock was bought for $9,622 at an average price of $19.25. Upon completion of the transaction, the Chief Compliance Officer now directly owns 500 shares in the company, valued at $9525.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, Vice President Pluss Steven bought 10,000 shares of the business’s stock. A total of $190,379 was incurred on buying the stock at an average price of $19.04. This leaves the insider owning 36,500 shares of the company worth $0.7 million. A total of 0.41% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TSLX stock. A new stake in Sixth Street Specialty Lending Inc. shares was purchased by BURGUNDY ASSET MANAGEMENT LTD. during the first quarter worth $19,977,000. LGT CAPITAL PARTNERS LTD. invested $14,773,000 in shares of TSLX during the first quarter. In the first quarter, FARMER STEVEN PATRICK acquired a new stake in Sixth Street Specialty Lending Inc. valued at approximately $4,014,000. CAPTRUST FINANCIAL ADVISORS acquired a new stake in TSLX for approximately $2,777,000. ATOM INVESTORS LP purchased a new stake in TSLX valued at around $2,130,000 in the second quarter. In total, there are 216 active investors with 46.47% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $18.80 for Sixth Street Specialty Lending Inc. (NYSE: TSLX). During the past 12 months, Sixth Street Specialty Lending Inc. has had a low of $16.02 and a high of $24.11. The fifty day moving average price for TSLX is $18.27 and a two-hundred day moving average price translates $19.13 for the stock.
The latest earnings results from Sixth Street Specialty Lending Inc. (NYSE: TSLX) was released for Jun, 2022. According to the Asset Management Company, earnings per share came in at $0.42, missing analysts’ expectations of $0.48 by -0.06. This compares to $0.70 EPS in the same period last year. The company reported revenue of $77.84 million for the quarter, compared to $71.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.32 percent. For the current quarter, analysts expect TSLX to generate $75.49M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/15/2022 were paid a $0.45 dividend. On an annualized basis, this represents a $1.80 dividend and a 9.45% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend.
Sixth Street Specialty Lending Inc.(TSLX) 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. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.
