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NYSE:TSLX

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

$20.44

-0.07 (-0.34%)

(As of 09/29/2023 ET)

Compare

Today's Range: $20.41
▼
$20.64
50-Day Range: $19.69
▼
$20.93
52-Week Range: $16.02
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$20.97

Volume: 506,290 shs
Average Volume: 307,883 shs
Market Capitalization: $1.78 billion

P/E Ratio: 8.96
Dividend Yield: 9.00%
Price Target: $21.14

Sixth Street Specialty Lending MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 3.4% Upside
$21.14 Price Target
Short Interest: Healthy
1.46% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.36
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -1.32%
From $2.27 to $2.24 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.66 out of 5 stars

Finance Sector

775th out of 880 stocks

Investors, Not Elsewhere Classified Industry

7th out of 14 stocks

1.5

Analyst's Opinion

Consensus Rating
Sixth Street Specialty Lending has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.14, Sixth Street Specialty Lending has a forecasted upside of 3.4% from its current price of $20.44.
Amount of Analyst Coverage
Sixth Street Specialty Lending has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.46% of the outstanding shares of Sixth Street Specialty Lending have been sold short.
Short Interest Ratio / Days to Cover
Sixth Street Specialty Lending has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sixth Street Specialty Lending has recently increased by 4.96%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
Sixth Street Specialty Lending is a leading dividend payer. It pays a dividend yield of 8.97%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sixth Street Specialty Lending has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Sixth Street Specialty Lending is 80.70%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Sixth Street Specialty Lending will have a dividend payout ratio of 82.14% in the coming year. This indicates that Sixth Street Specialty Lending may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TSLX.

2.4

News and Social Media Coverage

News Sentiment
Sixth Street Specialty Lending has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Sixth Street Specialty Lending this week, compared to 2 articles on an average week.
Search Interest
Only 17 people have searched for TSLX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Sixth Street Specialty Lending to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sixth Street Specialty Lending insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Sixth Street Specialty Lending is held by insiders.
Percentage Held by Institutions
48.66% of the stock of Sixth Street Specialty Lending is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Sixth Street Specialty Lending are expected to decrease by -1.32% in the coming year, from $2.27 to $2.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sixth Street Specialty Lending is 8.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sixth Street Specialty Lending is 8.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 69.98.
Price to Book Value per Share Ratio
Sixth Street Specialty Lending has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sixth Street Specialty Lending (NYSE:TSLX) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

TSLX Stock News Headlines

September 29, 2023 | finance.yahoo.com

Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Third Quarter Ended September 30, 2023 Financial Results

September 20, 2023 | msn.com

Goldman Sachs' (GS) GreenSky Sale Considered by a Consortium

September 30, 2023 | Chaikin Analytics (Ad)

Wall Street Insider Makes Prediction about Hot A.I. Stock

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September 15, 2023 | msn.com

Sixth Street Specialty Lending goes ex dividend tomorrow

September 7, 2023 | finance.yahoo.com

‘AI Boom Won’t Help’: Jeremy Grantham Warns of a Stock Market Crash — Here Are 2 ‘Strong Buy’ Dividend Stocks to Protect Your Portfolio

September 5, 2023 | msn.com

Sixth Street Specialty Lending Q2 Update: Strong Results, Boost To The Supplemental

September 4, 2023 | msn.com

Sixth Street Specialty Lending: Best Of Breed In BDC Space

August 23, 2023 | seekingalpha.com

TSLX: The Golden Age Of Private Credit

September 30, 2023 | Chaikin Analytics (Ad)

Wall Street Insider Makes Prediction about Hot A.I. Stock

50-year Wall Street Veteran Marc Chaikin just detailed why he's avoiding NVDA and buying this overlooked A.I. stock instead. Learn more here.

August 18, 2023 | msn.com

JMP Securities Reiterates Sixth Street Specialty Lending (TSLX) Market Outperform Recommendation

August 11, 2023 | msn.com

RBC Capital Maintains Sixth Street Specialty Lending (TSLX) Outperform Recommendation

August 8, 2023 | msn.com

Truist Securities Maintains Sixth Street Specialty Lending (TSLX) Buy Recommendation

August 8, 2023 | finance.yahoo.com

Sixth Street Specialty Lending, Inc. Prices Public Offering of $300.0 million 6.950% Unsecured Notes due 2028

August 5, 2023 | hk.finance.yahoo.com

Q2 2023 Sixth Street Specialty Lending Inc Earnings Call

August 4, 2023 | seekingalpha.com

Sixth Street Specialty Lending, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 3, 2023 | finance.yahoo.com

Sixth Street Specialty Lending, Inc. Reports Second Quarter 2023 Earnings Results; Declares a Third Quarter Base Dividend Per Share of $0.46, and a Second Quarter Supplemental Dividend Per Share of $0.06

July 28, 2023 | seekingalpha.com

Sixth Street Specialty Lending: 10% Yield, Strong Q1 Earnings

July 21, 2023 | seekingalpha.com

Sixth Street Specialty Lending: The 9.4% Dividend Yield Is Getting Fatter

July 14, 2023 | finance.yahoo.com

Sixth Street Specialty Lending, Inc. Expands its Board of Directors and Appoints P. Emery Covington to the Board

June 30, 2023 | finance.yahoo.com

Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2023 Financial Results

June 17, 2023 | nasdaq.com

B. Riley Securities Initiates Coverage of Sixth Street Specialty Lending (TSLX) with Buy Recommendation

June 9, 2023 | msn.com

Sixth Street Specialty Lending: 9.7% Yield And Investment Grade Credit Rating

May 31, 2023 | uk.finance.yahoo.com

TSLX - Sixth Street Specialty Lending, Inc.

May 23, 2023 | msn.com

TSLX: Another Quarter Of Outperformance For This 11.2% Yielding BDC

May 15, 2023 | msn.com

RBC Capital Reiterates Sixth Street Specialty Lending (TSLX) Outperform Recommendation

May 11, 2023 | msn.com

Sixth Street Specialty Lending prices $79M offering, price lowers 6%

May 10, 2023 | msn.com

Sixth Street Specialty Lending declares $0.46 dividend, Supplemental Dividend Per Share of $0.04

See More Headlines

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TSLX Company Calendar

Last Earnings: 8/03/2023
Ex-Dividend for 9/20 Dividend: 8/30/2023
Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/20/2023
Dividend Payable: 9/29/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Investors, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:TSLX
CUSIP: N/A
CIK: 1508655
Web: www.tpgspecialtylending.com
Phone: (212) 601-4700
Fax: 469-621-3002
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $21.14
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +3.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.28
Trailing P/E Ratio: 8.96
Forward P/E Ratio: 9.00
P/E Growth: N/A
Net Income: $166.33 million
Net Margins: 48.89%
Pretax Margin: 48.25%
Return on Equity: 13.22%
Return on Assets: 6.14%

Debt

Debt-to-Equity Ratio: 1.11
Current Ratio: 1.55
Quick Ratio: 1.55

Sales & Book Value

Annual Sales: $309.30 million
Price / Sales: 5.77
Cash Flow: $1.89 per share
Price / Cash Flow: 10.83
Book Value: $16.57 per share
Price / Book: 1.23

Miscellaneous

Outstanding Shares: 87,240,000
Free Float: 84,013,000
Market Cap: $1.78 billion
Optionable: Optionable
Beta: 1.06

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Key Executives

Mr. Joshua Easterly (Age 47)
CEO & Chairman

Mr. Robert Stanley (Age 48)
Pres

Mr. Ian 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 35)
Chief Compliance Officer & Sec.

Mr. David Stiepleman (Age 51)
VP & Non-Independent Director

Mr. Michael E. Fishman (Age 60)
VP & Non-Independent Director

Ms. Jennifer E. Gordon J.D. (Age 47)
VP & Non-Independent Director

Mr. Steven Sam Pluss (Age 60)
VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TSLX Stock - 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 twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TSLX shares.
View TSLX analyst ratings or view top-rated stocks.
What is Sixth Street Specialty Lending's stock price forecast for 2023?: 6 brokers have issued 1-year price targets for Sixth Street Specialty Lending's shares. Their TSLX share price forecasts range from $19.00 to $22.00. On average, they predict the company's stock price to reach $21.14 in the next year. This suggests a possible upside of 3.4% 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 2023?: Sixth Street Specialty Lending's stock was trading at $17.80 at the beginning of the year. Since then, TSLX stock has increased by 14.8% and is now trading at $20.44.
View the best growth stocks for 2023 here.
When is Sixth Street Specialty Lending's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TSLX earnings forecast.
How were Sixth Street Specialty Lending's earnings last quarter?: Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced its earnings results on Thursday, August, 3rd. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.03. The financial services provider earned $107.61 million during the quarter, compared to the consensus estimate of $101.30 million. Sixth Street Specialty Lending had a trailing twelve-month return on equity of 13.22% and a net margin of 48.89%.
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 quarterly dividend on Thursday, August 3rd. Investors of record on Friday, September 15th will be given a dividend of $0.46 per share on Friday, September 29th. This represents a $1.84 annualized dividend and a dividend yield of 9.00%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for TSLX.

What ETFs hold Sixth Street Specialty Lending's stock?: ETFs with the largest weight of Sixth Street Specialty Lending (NYSE:TSLX) stock in their portfolio include Putnam BDC Income ETF (PBDC), VanEck BDC Income ETF (BIZD), ProShares Global Listed Private Equity ETF (PEX) and Virtus Private Credit Strategy ETF (VPC).AdvisorShares Alpha DNA Equity Sentiment ETF (SENT).
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 8.97%. TSLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 80.70%. Payout ratios above 75% are not desirable because they may not be sustainable. 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 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).
What is Sixth Street Specialty Lending's stock symbol?: Sixth Street Specialty Lending trades on the New York Stock Exchange (NYSE) under the ticker symbol "TSLX."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Sixth Street Specialty Lending's stock price today?: One share of TSLX stock can currently be purchased for approximately $20.44.
How much money does Sixth Street Specialty Lending make?: Sixth Street Specialty Lending (NYSE:TSLX) has a market capitalization of $1.78 billion and generates $309.30 million in revenue each year. The financial services provider earns $166.33 million in net income (profit) each year or $2.28 on an earnings per share basis.
How can I contact Sixth Street Specialty Lending?: Sixth Street Specialty Lending's mailing address is 2100 MCKINNEY AVENUE SUITE 1500, DALLAS TX, 75201. The official website for the company is www.tpgspecialtylending.com. The financial services provider can be reached via phone at (212) 601-4700, via email at irtsl@tpg.com, or via fax at 469-621-3002.

This page (NYSE:TSLX) was last updated on 9/30/2023 by MarketBeat.com Staff

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