Free Trial

Sixth Street Specialty Lending (TSLX) Stock Price, News & Analysis

$21.69
+0.35 (+1.64%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$21.38
$21.69
50-Day Range
$20.55
$21.80
52-Week Range
$17.80
$22.35
Volume
316,900 shs
Average Volume
399,431 shs
Market Capitalization
$2.01 billion
P/E Ratio
8.75
Dividend Yield
8.48%
Price Target
$22.67

Sixth Street Specialty Lending MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
4.5% Upside
$22.67 Price Target
Short Interest
Healthy
1.35% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.53mentions of Sixth Street Specialty Lending in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.86%
From $2.33 to $2.24 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.09 out of 5 stars

Finance Sector

771st out of 878 stocks

Investors, Not Elsewhere Classified Industry

7th out of 14 stocks

TSLX stock logo

About Sixth Street Specialty Lending Stock (NYSE:TSLX)

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.

TSLX Stock Price History

TSLX Stock News Headlines

Sixth St: Q1 Earnings Snapshot
TSLX Apr 2024 30.000 call
3 Stocks Set for Massive Gains if Interest Rates Tumble
Sixth Street Specialty Lending Inc (TSLX)
Sixth Street Specialty Lending (TSLX) Receives a Buy from KBW
See More Headlines
Receive TSLX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Sixth Street Specialty Lending and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/01/2024
Today
5/26/2024
Ex-Dividend for 6/20 Dividend
5/31/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/20/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investors, not elsewhere classified
Sub-Industry
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.67
High Stock Price Target
$23.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$196.40 million
Pretax Margin
45.42%

Debt

Sales & Book Value

Annual Sales
$438.09 million
Cash Flow
$2.16 per share
Book Value
$17.06 per share

Miscellaneous

Free Float
89,662,000
Market Cap
$2.01 billion
Optionable
Optionable
Beta
1.03
5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

Key Executives

  • Mr. Joshua William Easterly (Age 48)
    CEO & Chairman of the Board
  • Mr. Robert Stanley (Age 49)
    President
  • Mr. Ian Timothy Simmonds (Age 51)
    Chief Financial Officer
  • Mr. Michael Graf CPA (Age 41)
    Deputy CFO & Principal Accounting Officer
  • Ms. Cami VanHorn
    Head of Investor Relations
  • Mr. Anton Brett (Age 36)
    Chief Compliance Officer & Secretary
  • Mr. David Stiepleman (Age 52)
    VP & Non-Independent Director
  • Mr. Michael E. Fishman (Age 61)
    VP & Non-Independent Director
  • Ms. Jennifer E. Gordon J.D. (Age 48)
    VP & Non-Independent Director
  • Mr. Matthew Lillard
    Principal

TSLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Sixth Street Specialty Lending stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sixth Street Specialty Lending in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TSLX shares.
View TSLX analyst ratings
or view top-rated stocks.

What is Sixth Street Specialty Lending's stock price target for 2024?

6 analysts have issued 12 month target prices for Sixth Street Specialty Lending's stock. Their TSLX share price targets range from $22.00 to $23.00. On average, they predict the company's stock price to reach $22.67 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts price targets for TSLX
or view top-rated stocks among Wall Street analysts.

How have TSLX shares performed in 2024?

Sixth Street Specialty Lending's stock was trading at $21.60 at the beginning of the year. Since then, TSLX stock has increased by 0.4% and is now trading at $21.69.
View the best growth stocks for 2024 here
.

Are investors shorting Sixth Street Specialty Lending?

Sixth Street Specialty Lending saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,100,000 shares, a drop of 27.2% from the March 31st total of 1,510,000 shares. Based on an average daily trading volume, of 421,800 shares, the days-to-cover ratio is currently 2.6 days.
View Sixth Street Specialty Lending's Short Interest
.

When is Sixth Street Specialty Lending's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our TSLX earnings forecast
.

How were Sixth Street Specialty Lending's earnings last quarter?

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) posted its earnings results on Wednesday, May, 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.02. The financial services provider had revenue of $117.78 million for the quarter, compared to analyst estimates of $118.44 million. Sixth Street Specialty Lending had a net margin of 47.16% and a trailing twelve-month return on equity of 13.74%.

How often does Sixth Street Specialty Lending pay dividends? What is the dividend yield for Sixth Street Specialty Lending?

Sixth Street Specialty Lending declared a dividend on Wednesday, May 1st. Stockholders of record on Friday, May 31st will be paid a dividend of $0.06 per share on Thursday, June 20th. This represents a yield of 7.61%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for TSLX
.

Is Sixth Street Specialty Lending a good dividend stock?

Sixth Street Specialty Lending (NYSE:TSLX) pays an annual dividend of $1.84 per share and currently has a dividend yield of 8.48%. TSLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 74.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, TSLX will have a dividend payout ratio of 82.14% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TSLX.

What ETFs hold Sixth Street Specialty Lending's stock?
What other stocks do shareholders of Sixth Street Specialty Lending own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sixth Street Specialty Lending investors own include Ares Capital (ARCC), AT&T (T), Enterprise Products Partners (EPD), Energy Transfer (ET), Main Street Capital (MAIN), New Residential Investment (NRZ), BlackRock TCP Capital (TCPC), Hercules Capital (HTGC), Pfizer (PFE) and Prospect Capital (PSEC).

Who are Sixth Street Specialty Lending's major shareholders?

Sixth Street Specialty Lending's stock is owned by a variety of retail and institutional investors. Top institutional investors include Burgundy Asset Management Ltd. (2.24%), Sound Income Strategies LLC (2.25%), Van ECK Associates Corp (1.97%), LSV Asset Management (1.31%), Allen Investment Management LLC (0.67%) and Raymond James Financial Services Advisors Inc. (0.59%). Insiders that own company stock include Anton Brett, Hurley Doddy, Ian Simmonds, Jennifer Gordon, Michael Graf and Richard A Higginbotham.
View institutional ownership trends
.

How do I buy shares of Sixth Street Specialty Lending?

Shares of TSLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TSLX) was last updated on 5/27/2024 by MarketBeat.com Staff

From Our Partners