Sixth Street Specialty Lending (TSLX) Receives a Buy from Bank of America Securities

Bank of America Securities analyst Derek Hewett maintained a Buy rating on Sixth Street Specialty Lending today and set a price target of $19.50.

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According to TipRanks, Hewett is a 4-star analyst with an average return of 3.8% and a 52.40% success rate. Hewett covers the Financial sector, focusing on stocks such as MidCap Financial Investment Corporation, New Mountain Finance, and Carlyle Secured Lending Inc.

In addition to Bank of America Securities, Sixth Street Specialty Lending also received a Buy from Wells Fargo’s Finian O’Shea in a report issued on May 7. However, on the same day, J.P. Morgan maintained a Hold rating on Sixth Street Specialty Lending (NYSE: TSLX).

Based on Sixth Street Specialty Lending’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $52.37 million and a GAAP net loss of $26.03 million. In comparison, last year the company earned a revenue of $74.41 million and had a net profit of $36.96 million

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSLX in relation to earlier this year. Earlier this month, Ross Anthony Bruck, the Vice President of TSLX bought 8,000.00 shares for a total of $142,080.00.