Sixth Street Specialty Lending logo

Sixth Street Specialty LendingNYSE: TSLX

Profile

Country:

United States

IPO:

21 March 2014

Next earnings report:

05 November 2024

Last dividends:

16 September 2024

Next dividends:

N/A
$1.88 B
-7%vs. 3y high
68%vs. sector
-41%vs. 3y high
14%vs. sector
-18%vs. 3y high
48%vs. sector
-45%vs. 3y high
88%vs. sector

Price

after hours | Fri, 01 Nov 2024 20:06:00 GMT
$20.26-$0.44(-2.13%)
$65.16 M$118.51 M
$65.16 M$47.40 M

Analysts recommendations

Institutional Ownership

TSLX Latest News

Sixth Street Specialty Lending: How's Dividend After Interest Rate Cut
https://seekingalpha.com/article/4726802-sixth-street-specialty-lending-stock-defensive-bdc-strong-base-dividend-coverage15 October 2024 Sentiment: POSITIVE

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 low non-accruals and reasonable industry exposure. Despite interest rate cuts, TSLX's dividend coverage remains robust, with room for special dividends.

Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss Its Third Quarter Ended September 30, 2024 Financial Results
businesswire.com04 October 2024 Sentiment: POSITIVE

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 30, 2024 on Tuesday, November 5, 2024, after the market closes. TSLX invites all interested persons to its webcast / conference call on Wednesday, November 6, 2024 at 8:30 a.m. Eastern Time to discuss its third quarter ended September 30, 2024 financial results. Conference Call Information: The con.

Sixth Street (TSLX) Surpasses Q2 Earnings and Revenue Estimates
zacks.com31 July 2024 Sentiment: POSITIVE

Sixth Street (TSLX) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.58 per share a year ago.

Sixth Street Specialty Lending: Consistent Performance Justifies Premium
seekingalpha.com05 July 2024 Sentiment: POSITIVE

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 investments on a floating rate basis. TSLX's high distribution rate of 8.8% is well-supported by net investment income, with a history of solid dividend growth and coverage, making it an attractive option for income-focused investors.

Sixth Street Lending: You Can Get A 9% Yield, But The Stock Is No Bargain
seekingalpha.com22 June 2024 Sentiment: NEUTRAL

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 environment may aid short-term growth, but long-term net investment income growth is uncertain. TSLX's 24% premium to NAV may not offer compelling risk/reward, especially in an environment of falling interest rates.

Buy These Smart 7-9% Yields Before The Market Wakes Up To Income
seekingalpha.com09 June 2024 Sentiment: POSITIVE

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 significant transformation and achieved solid progress in next-generation products, offering an appealing dividend yield of 7.3%. Both TSLX and IMBBY provide investors with reliable cash flow and potential for long-term value creation, making them appealing additions to a dividend-focused portfolio.

Sixth Street Continues Thriving, Proving To Be A Solid Long-Term Dividend Investment
Seeking Alpha12 May 2024 Sentiment: POSITIVE

Sixth Street Specialty Lending has put in place a strong portfolio strategy that has produced good risk-adjusted returns and kept a low non-accrual rate. With improvements in the BDC market, Sixth Street's strong liquidity position allows it to take advantage of promising opportunities. This makes it a viable choice for investors seeking long-term investments and in need of cash flow.

Sixth St (TSLX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research01 May 2024 Sentiment: POSITIVE

The latest data for Sixth St (TSLX) provides a glimpse into the company's performance in the first quarter of 2024, but it could be valuable to analyze its key metrics in comparison to Wall Street forecasts and the figures from the same period last year.

Sixth Street (TSLX) Misses Q1 Earnings and Revenue Estimates
Zacks Investment Research01 May 2024 Sentiment: NEUTRAL

TSLX reported quarterly earnings of $0.58 per share, falling short of the Zacks Consensus Estimate of $0.60 per share. This is an increase from earnings of $0.53 per share in the same quarter last year.

Sixth Street Specialty Lending: Still Thriving Despite The Headwinds
Seeking Alpha17 March 2024 Sentiment: POSITIVE

Sixth Street Specialty Lending, Inc. is one of the largest BDCs with a NAV of close to $1.5 billion. TSLX has consistently outperformed the broader BDC market over the past 5 years, and due to the strength of its fundamentals, it trades at a premium to NAV. If we reconcile the Q4 2023 earnings report, we will understand that having a premium here is fully justified.

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What type of business is Sixth Street Specialty Lending?

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.

What sector is Sixth Street Specialty Lending in?

Sixth Street Specialty Lending is in the Financial Services sector

What industry is Sixth Street Specialty Lending in?

Sixth Street Specialty Lending is in the Asset Management industry

What country is Sixth Street Specialty Lending from?

Sixth Street Specialty Lending is headquartered in United States

When did Sixth Street Specialty Lending go public?

Sixth Street Specialty Lending initial public offering (IPO) was on 21 March 2014

What is Sixth Street Specialty Lending website?

https://www.sixthstreetspecialtylending.com

Is Sixth Street Specialty Lending in the S&P 500?

No, Sixth Street Specialty Lending is not included in the S&P 500 index

Is Sixth Street Specialty Lending in the NASDAQ 100?

No, Sixth Street Specialty Lending is not included in the NASDAQ 100 index

Is Sixth Street Specialty Lending in the Dow Jones?

No, Sixth Street Specialty Lending is not included in the Dow Jones index

When was Sixth Street Specialty Lending the previous earnings report?

No data

When does Sixth Street Specialty Lending earnings report?

The next expected earnings date for Sixth Street Specialty Lending is 05 November 2024