Sixth Street Specialty Lending, Inc. (NYSE: TSLX) – Oppenheimer research analysts increased their Q4 2021 EPS estimates for Sixth Street Specialty Lending in a research note released to investors on Wednesday, November 3. Oppenheimer analyst Mr Penn now predicts the financial services provider will earn $ 0.52 per share for the quarter, up from its previous estimate of $ 0.50. Oppenheimer also released estimates for Sixth Street Specialty Lending second quarter 2022 earnings at $ 0.52 per share, fourth quarter 2022 earnings at $ 0.53 per share, and fiscal year 2022 earnings at 2, $ 07 per share. Sixth Street Specialty Lending (NYSE: TSLX) last released its quarterly results on Tuesday, August 3. The financial services provider reported earnings of $ 0.38 per share for the quarter, missing the consensus estimate of $ 0.50 by Thomson Reuters ($ 0.12). The company posted revenue of $ 62.83 million for the quarter, compared to the consensus estimate of $ 65.34 million. Sixth Street Specialty Lending had a net margin of 85.14% and a return on equity of 12.41%.
Several other research firms have weighed on TSLX as well. Zacks investment research downgraded Sixth Street Specialty Lending shares from a âbuyâ rating to a âkeepâ rating in a research report released on Friday, August 6. JMP Securities raised its price target for Sixth Street Specialty Lending shares from $ 24.00 to $ 25.50 and gave the company a “market outperformance” rating in a research report Thursday. Finally, Raymond James raised his price target on Sixth Street Specialty Lending shares from $ 23.50 to $ 25.00 and gave the company an “outperformance” rating in a research report on Thursday. Two research analysts rated the stock with a conservation rating and three gave the company’s stock a buy rating. Based on MarketBeat data, the stock has a consensus rating of âBuyâ and an average target price of $ 24.88.
TSLX opened for $ 23.66 on Friday. The company has a market cap of $ 1.72 billion, a P / E ratio of 7.94, a PEG ratio of 1.31 and a beta of 1.19. The company has a 50-day moving average of $ 22.86 and a 200-day moving average of $ 22.69. The company has a debt to equity ratio of 1.07, a quick ratio of 0.63, and a current ratio of 0.63. Sixth Street Specialty Lending has a fifty-two week low of $ 17.50 and a fifty-two week high of $ 24.10.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 14. Shareholders of record on Wednesday, December 15 will receive a dividend of $ 0.41 per share. The ex-dividend date is Tuesday, December 14. This represents a dividend of $ 1.64 on an annualized basis and a return of 6.93%. Sixth Street Specialty Lending’s dividend payout ratio is currently 74.21%.
A number of large investors have recently changed their holdings in TSLX. Signaturefd LLC strengthened its position in Sixth Street Specialty Lending by 122.8% during the third quarter. Signaturefd LLC now owns 1,125 shares of the financial services provider valued at $ 25,000 after purchasing an additional 620 shares during the period. Citigroup Inc. strengthened its position in Sixth Street Specialty Lending by 172.2% during the second quarter. Citigroup Inc. now owns 2,371 shares of the financial services provider valued at $ 53,000 after purchasing an additional 1,500 shares during the period. FORA Capital LLC purchased a new equity stake in Sixth Street Specialty Lending in the second quarter valued at approximately $ 84,000. During the third quarter, Total Clarity Wealth Management Inc. purchased a new equity interest in Sixth Street Specialty Lending valued at approximately $ 94,000. Finally, Geneos Wealth Management Inc. increased its holdings of Sixth Street Specialty Lending shares by 17.0% in the first quarter. Geneos Wealth Management Inc. now owns 7,225 shares of the financial services provider valued at $ 172,000 after purchasing an additional 1,050 shares in the last quarter. Hedge funds and other institutional investors hold 49.50% of the company’s shares.
Sixth Street Specialty Loan Company Profile
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, senior 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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