Sixth Street Specialty Lending, Inc. (TSLX)
| Market Cap | 1.91B |
| Revenue (ttm) | 478.36M |
| Net Income (ttm) | 186.74M |
| Shares Out | 93.32M |
| EPS (ttm) | 2.06 |
| PE Ratio | 9.94 |
| Forward PE | 9.17 |
| Dividend | $2.37 (11.57%) |
| Ex-Dividend Date | Sep 16, 2024 |
| Volume | 235,987 |
| Open | 20.59 |
| Previous Close | 20.55 |
| Day's Range | 20.37 - 20.59 |
| 52-Week Range | 19.50 - 22.35 |
| Beta | 1.06 |
| Analysts | Strong Buy |
| Price Target | 22.07 (+7.76%) |
| Earnings Date | Nov 5, 2024 |
About 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, ... [Read more]
Financial Performance
In 2023, TSLX's revenue was $438.09 million, an increase of 41.64% compared to the previous year's $309.31 million. Earnings were $222.02 million, an increase of 105.48%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for TSLX stock is "Strong Buy." The 12-month stock price forecast is $22.07, which is an increase of 7.76% from the latest price.
News
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When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would s...
TSLX: 10% Yielding BDC Suitable For Watch List
Despite solid 2024 NII growth, Sixth Street Specialty Lending, Inc.'s realized and unrealized gains fell, but dividends and NII coverage remain strong. TSLX's portfolio is 94% secured loans, with 98.8...
Sixth Street Specialty Lending: Underwhelming Performance And Rising Non-Accruals (Rating Downgrade)
I am downgrading Sixth Street Specialty Lending stock to a hold due to its continued underperformance against peers and unjustified premium valuation. Despite a high 10.3% dividend yield and consisten...
BDC Weekly Review: Tax-Loss Season Is Approaching
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Sixth Street Specialty Lending, Inc. (TSLX) Q3 2024 Earnings Call Transcript
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Cami VanHorn - Head of IR Joshua Easterly - CEO & Chairman Robert St...
Sixth Street Specialty Lending, Inc. Reports Third Quarter 2024 Earnings Results; Declares a Fourth Quarter Base Dividend Per Share of $0.46, and a Third Quarter Supplemental Dividend Per Share of $0.05
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the third quarter ended September 30, 2024. Please view a printable ...
3 BDCs With Highest Dividend Coverage Levels: Only One Is A Defensive Leader
The investment environment for BDCs remains solid, but there are some clear risks, which call for extra caution. One of the ways to protect current income streams from BDC allocations is to focus on h...
Sixth Street Specialty Lending: How's Dividend After Interest Rate Cut
Sixth Street Specialty Lending is a defensive BDC with strong base dividend coverage, even amid potential interest rate cuts. TSLX's portfolio is well-diversified, focusing on first-lien debt, with lo...
A Game Plan For BDC Investors Before The Earnings Season
Major BDCs are soon about to report their Q3, 2024 earnings. The current sector-wide challenges do not send encouraging signals. The Management team of SAR, which is one the BDCs that report 10-Q earl...
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss Its Third Quarter Ended September 30, 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the third quarter ended September ...
The Best BDC To Buy For Fed Rate Cuts
The Federal Reserve's 50 basis point rate cut impacts BDCs, which are sensitive to short-term rate changes, affecting their net investment income. BDCs thrive during rate hikes but face challenges wit...
Sixth Street Specialty Lending: A 10% BDC Yield For A Recession
Sixth Street Specialty Lending's net funded investment activity declined in 2Q24 due to higher repayments, but it comfortably out-earned its dividend with a 10% yield. The BDC maintains a diversified,...
Sixth Street Specialty Lending: Good Way To Play Defense In BDC Sector
I have been bullish on TSLX since early January this year, making the case for protected dividend income. While the price performance has been negative, the dividends have continued to come in, balanc...
Sixth Street Specialty Lending: Defensive BDC To Buy When Volatility Hits
Sixth Street Specialty Lending is a BDC investing in US middle-market companies with enterprise values of $50m to $1B and EBITDA of $10m to $250m. TSLX has a defensive investment approach with a diver...
Sixth Street Specialty Lending, Inc. (TSLX) Q2 2024 Earnings Call Transcript
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Cami VanHorn - Head of Investor Relations Joshua Easterly - Chief Exec...
Sixth Street Specialty Lending, Inc. Reports Second Quarter 2024 Earnings Results; Declares a Third Quarter Base Dividend Per Share of $0.46, and a Second Quarter Supplemental Dividend Per Share of $0.06
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the second quarter ended June 30, 2024. Please view a printable vers...
Sixth Street Specialty Lending: An 8.7% Dividend Worth Considering
Given the prospect of falling interest rates, investors may turn to high yield investments like BDCs, with dividend yields in the 8-10% range. Sixth Street Specialty Lending Inc. is analyzed in 6 key ...
Buy These Market-Beaters Offering Up To 9% Yield
Saving for retirement can be daunting, but investors can consider alternatives to the S&P 500 for potentially better returns and income. Sixth Street Specialty Lending offers a strong track record, hi...
Sixth Street Specialty Lending: Consistent Performance Justifies Premium
TSLX is a BDC focusing on lending to middle market US companies. The portfolio is well-constructed, diverse, and focused on risk mitigation through first lien debt investments and a majority of invest...
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the second quarter ended June 30, ...
Very Overrated And Very Underrated High Yield Sectors
I love investing in high yield stocks. However, not all high yield subsectors are good investments all the time. I share one high yield subsector that Mr. Market is overrating and one that he is under...
Sixth Street Lending: You Can Get A 9% Yield, But The Stock Is No Bargain
Sixth Street Lending Inc. is a well-managed BDC with a First Lien-centric, floating-rate investment portfolio and a 9% dividend yield. The central bank's guidance for a higher-for-longer rate environm...
Buy These Smart 7-9% Yields Before The Market Wakes Up To Income
Sixth Street Specialty Lending offers a solid 8.7% yield and has consistently outperformed its peers through strategic first lien loans and robust portfolio management. Imperial Brands has undergone s...
Sixth Street Continues Thriving, Proving To Be A Solid Long-Term Dividend Investment
Sixth Street Specialty Lending has implemented an impressive portfolio strategy, generating solid risk-adjusted returns and maintaining a low non-accrual rate. As BDC market trends are improving, Sixt...
Sixth Street Specialty Lending, Inc. (TSLX) Q1 2024 Earnings Call Transcript
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Cami VanHorn - Head, IR Joshua Easterly - CEO & Chairman Robert Stanley -...