Sixth Street Specialty Lending (NYSE:TSLX) Issues Quarterly Earnings Results

by · The Markets Daily

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.21), FiscalAI reports. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.The company had revenue of $108.25 million for the quarter, compared to analyst estimates of $107.11 million.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX traded up $0.02 during midday trading on Thursday, hitting $20.13. 716,668 shares of the stock traded hands, compared to its average volume of 559,733. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.73 and a current ratio of 4.73. Sixth Street Specialty Lending has a 1-year low of $18.58 and a 1-year high of $25.17. The business’s 50 day moving average price is $21.74 and its two-hundred day moving average price is $22.46. The firm has a market capitalization of $1.90 billion, a PE ratio of 9.87 and a beta of 0.70.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSLX. Weiss Ratings reissued a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. Royal Bank Of Canada reduced their target price on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods lowered their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Wells Fargo & Company dropped their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Get Our Latest Analysis on TSLX

Insider Buying and Selling at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, CEO Robert J. Stanley bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $20.85 per share, with a total value of $208,500.00. Following the purchase, the chief executive officer directly owned 24,907 shares of the company’s stock, valued at approximately $519,310.95. The trade was a 67.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.22% of the company’s stock.

Institutional Trading of Sixth Street Specialty Lending

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in Sixth Street Specialty Lending during the third quarter worth approximately $75,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $118,000. Glenview Trust co bought a new stake in shares of Sixth Street Specialty Lending during the 2nd quarter worth $231,000. Maia Wealth LLC acquired a new position in shares of Sixth Street Specialty Lending in the 3rd quarter worth $210,000. Finally, Virtu Financial LLC acquired a new position in shares of Sixth Street Specialty Lending in the 3rd quarter worth $235,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Company Profile

(Get Free Report)

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.

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