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

$21.15
-0.03 (-0.14%)
(As of 11:10 AM ET)
Today's Range
$21.12
$21.22
50-Day Range
$20.53
$21.97
52-Week Range
$17.31
$22.35
Volume
51,844 shs
Average Volume
403,017 shs
Market Capitalization
$1.95 billion
P/E Ratio
8.13
Dividend Yield
8.70%
Price Target
$22.60

Sixth Street Specialty Lending MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
6.8% Upside
$22.60 Price Target
Short Interest
Healthy
1.64% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of Sixth Street Specialty Lending in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.83%
From $2.35 to $2.26 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.

1.81 out of 5 stars

Finance Sector

712th out of 855 stocks

Investors, Not Elsewhere Classified Industry

3rd out of 15 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

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Sixth Street Specialty Lending Inc (TSLX)
Sixth Street Specialty Lending (TSLX) Receives a Buy from KBW
Sixth Street Specialty Lending Inc.
Sixth Street Specialty Lending Inc
See More Headlines
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Company Calendar

Last Earnings
2/16/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Dividend Payable
3/28/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/01/2024
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
$22.60
High Stock Price Target
$23.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+6.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$196.40 million
Pretax Margin
45.37%

Debt

Sales & Book Value

Annual Sales
$438.09 million
Cash Flow
$2.19 per share
Book Value
$17.09 per share

Miscellaneous

Free Float
89,082,000
Market Cap
$1.95 billion
Optionable
Optionable
Beta
1.04
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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?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sixth Street Specialty Lending in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities 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?

5 brokers have issued 1-year target prices for Sixth Street Specialty Lending's shares. Their TSLX share price targets range from $22.00 to $23.00. On average, they anticipate the company's share price to reach $22.60 in the next twelve months. This suggests a possible upside of 6.8% 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 start of the year. Since then, TSLX stock has decreased by 2.0% and is now trading at $21.16.
View the best growth stocks for 2024 here
.

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

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

How can I listen to Sixth Street Specialty Lending's earnings call?

Sixth Street Specialty Lending will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) issued its quarterly earnings data on Friday, February, 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The financial services provider earned $119.50 million during the quarter, compared to analyst estimates of $115.18 million. Sixth Street Specialty Lending had a net margin of 50.69% and a trailing twelve-month return on equity of 13.67%. During the same quarter last year, the company earned $0.65 earnings per share.

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, February 15th. Stockholders of record on Friday, March 15th will be given a dividend of $0.08 per share on Thursday, March 28th. This represents a $0.32 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.07.
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 8.63%. 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 70.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, TSLX will have a dividend payout ratio of 81.42% 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 institutional and retail investors. Top institutional shareholders include Sound Income Strategies LLC (2.25%), Raymond James Financial Services Advisors Inc. (0.59%), Melia Wealth LLC (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.34%), Confluence Investment Management LLC (0.28%) and Hennion & Walsh Asset Management Inc. (0.17%). 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 4/24/2024 by MarketBeat.com Staff

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