Sixth Street Specialty Lending (NYSE: TSLX – Get a rating) had its price target lowered by Raymond James from $25.00 to $22.00 in a research report released on Thursday, Benzinga reports. The company currently has an “outperform” rating on shares of the financial services provider. Raymond James’ price target would suggest a potential upside of 16.03% from the company’s previous close.
Separately, Hovde Group lowered its target price on Sixth Street Specialty Lending to $21.00 in a Friday, May 20 research report.
Sixth Street Specialty Lending Stock Performance
TSLX was down $0.10 during Thursday trading hours, hitting $18.96. The company’s stock had a trading volume of 2,144 shares, compared to an average volume of 595,801. Sixth Street Specialty Lending has a fifty-two-week low of $18.02 and a fifty-two-week high of $24.74. -two weeks. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt ratio of 0.87. The company has a market capitalization of $1.45 billion, a PE ratio of 11.64 and a beta of 1.05. The company has a 50-day simple moving average of $19.21 and a 200-day simple moving average of $21.62.
Sixth Street Specialty Lending (NYSE: TSLX – Get a rating) last reported results on Tuesday, May 3. The financial services provider reported EPS of $0.46 for the quarter, missing the consensus estimate of $0.50 per ($0.04). Sixth Street Specialty Lending had a net margin of 44.20% and a return on equity of 12.91%. The company posted revenue of $67.43 million in the quarter, versus analyst estimates of $71.21 million. As a group, sell-side analysts expect Sixth Street Specialty Lending to post year-to-date EPS of 1.98.
Insider Trading at Sixth Street Specialty Lending
In a similar vein, Vice President Jennifer Gordon acquired 2,500 shares of Sixth Street Specialty Lending in a trade dated Tuesday, May 24. The shares were acquired at an average cost of $19.91 per share, with a total value of $49,775.00. Following the purchase, the vice president now directly owns 2,500 shares of the company, valued at approximately $49,775. The acquisition was disclosed in a legal filing with the SEC, accessible via the SEC website. Company insiders own 3.90% of the company’s shares.
Sixth Street Specialty Lending Institutional Negotiation
Several hedge funds and other institutional investors have recently changed their holdings in the company. Benjamin Edwards Inc. increased its position in Sixth Street Specialty Lending stocks by 2.8% in the fourth quarter. Benjamin Edwards Inc. now owns 21,572 shares of the financial services provider worth $505,000 after purchasing an additional 579 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Sixth Street Specialty Lending stocks by 4.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,432 shares of the financial services provider worth $361,000 after purchasing an additional 590 shares during the period. Janney Montgomery Scott LLC increased its position in Sixth Street Specialty Lending by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 205,300 shares of the financial services provider valued at $3,812,000 after buying an additional 634 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Sixth Street Specialty Lending by 2.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 33,957 shares of the financial services provider valued at $791,000 after buying 802 additional shares in the last quarter. Finally, Total Clarity Wealth Management Inc. increased its position in Sixth Street Specialty Lending by 20.8% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 5,112 shares of the financial services provider valued at $120,000 after buying 881 additional shares in the last quarter. Institutional investors and hedge funds own 47.04% of the company’s shares.
About Sixth Street Specialty Loans
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, equity and structured products, structured equity 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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