Sixth Street Specialty Lending (NYSE:TSLX – Get Free Report) had its price target increased by Royal Bank of Canada from $21.00 to $22.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 8.29% from the company’s current price.
Other equities analysts have also issued reports about the company. StockNews.com assumed coverage on Sixth Street Specialty Lending in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. B. Riley boosted their price target on Sixth Street Specialty Lending from $21.00 to $22.00 in a research note on Monday, August 7th. JMP Securities lowered their price target on Sixth Street Specialty Lending from $22.00 to $21.00 in a research note on Wednesday, May 10th. TheStreet lowered Sixth Street Specialty Lending from a “b” rating to a “c+” rating in a research note on Friday, May 19th. Finally, Truist Financial boosted their price target on Sixth Street Specialty Lending from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.
View Our Latest Analysis on TSLX
Sixth Street Specialty Lending Price Performance
Institutional Investors Weigh In On Sixth Street Specialty Lending
Large investors have recently bought and sold shares of the business. Belpointe Asset Management LLC grew its position in Sixth Street Specialty Lending by 4.7% during the 4th quarter. Belpointe Asset Management LLC now owns 252,146 shares of the financial services provider’s stock worth $4,488,000 after acquiring an additional 11,300 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in Sixth Street Specialty Lending by 3.6% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 23,300 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 800 shares during the last quarter. AJ Wealth Strategies LLC grew its position in Sixth Street Specialty Lending by 16.7% during the 1st quarter. AJ Wealth Strategies LLC now owns 302,173 shares of the financial services provider’s stock worth $5,530,000 after acquiring an additional 43,343 shares during the last quarter. Argent Trust Co boosted its position in Sixth Street Specialty Lending by 34.0% in the 4th quarter. Argent Trust Co now owns 53,969 shares of the financial services provider’s stock valued at $961,000 after buying an additional 13,692 shares during the last quarter. Finally, Allen Investment Management LLC boosted its position in Sixth Street Specialty Lending by 5.2% in the 4th quarter. Allen Investment Management LLC now owns 34,732 shares of the financial services provider’s stock valued at $618,000 after buying an additional 1,730 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors.
About Sixth Street Specialty Lending
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.
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