Sixth Street Specialty Lending, Inc. (TSLX)
| Market Cap | 2.20B |
| Revenue (ttm) | 482.53M |
| Net Income (ttm) | 186.57M |
| Shares Out | 93.66M |
| EPS (ttm) | 2.03 |
| PE Ratio | 11.58 |
| Forward PE | 10.81 |
| Dividend | $2.08 (8.86%) |
| Ex-Dividend Date | Mar 14, 2025 |
| Volume | 2,302,990 |
| Open | 23.15 |
| Previous Close | 23.07 |
| Day's Range | 22.87 - 23.66 |
| 52-Week Range | 19.50 - 23.66 |
| Beta | 1.07 |
| Analysts | Strong Buy |
| Price Target | 22.79 (-2.9%) |
| Earnings Date | Feb 13, 2025 |
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 2024, TSLX's revenue was $482.53 million, an increase of 10.14% compared to the previous year's $438.09 million. Earnings were $186.57 million, a decrease of -15.97%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for TSLX stock is "Strong Buy." The 12-month stock price forecast is $22.79, which is a decrease of -2.90% from the latest price.
News
Trade Tracker: Jenny Harrington buys Sixth Street Lending and sells NNN Reit and Skyworks Solutions
Jenny Harrington, CEO Gilman Hill Asset Management, joins CNBC's "Halftime Report" to detail her latest portfolio moves.
Buy These Market-Beaters Offering Up To 9% Yield
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Sixth Street Specialty Lending, Inc. Prices Public Offering of $300.0 million 5.625% Unsecured Notes due 2030
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE:TSLX) (“TSLX” or the “Company”) announced today that it has priced an underwritten public offering of $300.0 million in aggregate ...
Sixth Street Specialty Lending, Inc. (TSLX) Q4 2024 Earnings Call Transcript
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Cami VanHorn - Head, Investor Relations Joshua Easterly - Chief Exe...
Sixth Street Specialty Lending, Inc. Reports Full Year and Fourth Quarter 2024 Earnings Results; Declares a First Quarter Base Dividend Per Share of $0.46, and a Fourth Quarter Supplemental Dividend Per Share of $0.07
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the full year and fourth quarter ended December 31, 2024. Please vie...
Billionaire Investor Says 'Sell MLPs': Our Approach
My largest investment since the COVID-19 crash has been midstream. However, a legendary billionaire investor just switched from being bullish to announcing he has started selling MLPs. We share our vi...
Sixth Street Specialty Lending: Strong Liquidity Enables Navigation Of Lower Interest Rates
Sixth Street Specialty Lending has shown strong performance in a high interest rate environment and is well-positioned for potential lower rates. Despite a flat share price, TSLX's solid portfolio and...
Forget The Fed: A 3-Fund Portfolio That Likely Wins No Matter What
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Steeper Yield Curve And BDCs: This Is What You Have To Know
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Why BDCs Will Likely Outperform In 2025
The BDC sector had a lackluster H2 of 2024 after being on a strong run from 2022 to mid 2024. However, recently there has been some great news for BDCs to start 2025. We share our approach to BDCs rig...
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Fourth Quarter and Fiscal Year Ended December 31, 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 fourth quarter and fiscal year...
Sixth Street Specialty Lending: Lower Interest Rates Won't Hurt Its Income Potential
Sixth Street Specialty Lending is well-positioned to thrive in a decreasing interest rate environment while maintaining solid dividend coverage. TSLX's defensive portfolio features first-lien debt ori...
8 Stocks I'm Buying As I Hone My Buying Strategy For 2025
I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance divi...
These 5 ‘Special' Dividends Are More Than One-Hit Wonders
Today we'll discuss a 5.4% dividend that actually annualizes to 7%. A 5.7% payer that really dishes 12.4%.
BDC Weekly Review: Two BDC Performance Headwinds
We take a look at the action in business development companies through the third week of November and highlight some of the key themes we are watching. BDCs posted a strong 2% return this week as mark...
Investing In BDCs For 10%+ Yields? This Is What Matters Now
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
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPV...
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 ...