Sixth Street Specialty Lending (TSLX) Set to Announce Earnings on Tuesday

Sixth Street Specialty Lending (NYSE:TSLXGet Rating) will post its quarterly earnings results after the market closes on Tuesday, May 3rd. Analysts expect Sixth Street Specialty Lending to post earnings of $0.50 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Sixth Street Specialty Lending (NYSE:TSLXGet Rating) last issued its quarterly earnings results on Thursday, February 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.10. The firm had revenue of $78.32 million for the quarter, compared to the consensus estimate of $69.02 million. Sixth Street Specialty Lending had a net margin of 76.02% and a return on equity of 12.97%. During the same quarter in the previous year, the company earned $0.50 EPS. On average, analysts expect Sixth Street Specialty Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE TSLX opened at $23.04 on Tuesday. The company has a market capitalization of $1.75 billion, a P/E ratio of 8.35 and a beta of 1.13. Sixth Street Specialty Lending has a 52-week low of $20.80 and a 52-week high of $24.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.44 and a current ratio of 0.44. The company’s 50 day moving average price is $23.21 and its 200-day moving average price is $23.49.

The company also recently declared a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Tuesday, March 15th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.12%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 59.42%.

TSLX has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Sixth Street Specialty Lending from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 22nd. StockNews.com initiated coverage on shares of Sixth Street Specialty Lending in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research downgraded shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research report on Thursday, February 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Hold” and a consensus price target of $25.38.

In other Sixth Street Specialty Lending news, Director Richard A. Higginbotham acquired 2,000 shares of the stock in a transaction on Monday, March 7th. The shares were purchased at an average price of $22.82 per share, for a total transaction of $45,640.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter worth $248,000. Toroso Investments LLC grew its position in Sixth Street Specialty Lending by 47.8% during the fourth quarter. Toroso Investments LLC now owns 20,469 shares of the financial services provider’s stock valued at $479,000 after buying an additional 6,622 shares during the period. Schonfeld Strategic Advisors LLC grew its position in Sixth Street Specialty Lending by 16.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 23,200 shares of the financial services provider’s stock valued at $543,000 after buying an additional 3,300 shares during the period. JPMorgan Chase & Co. grew its position in Sixth Street Specialty Lending by 2.6% during the fourth quarter. JPMorgan Chase & Co. now owns 148,413 shares of the financial services provider’s stock valued at $3,471,000 after buying an additional 3,732 shares during the period. Finally, Stifel Financial Corp grew its position in Sixth Street Specialty Lending by 14.6% during the fourth quarter. Stifel Financial Corp now owns 219,238 shares of the financial services provider’s stock valued at $5,128,000 after buying an additional 27,897 shares during the period. Hedge funds and other institutional investors own 49.45% of the company’s stock.

Sixth Street Specialty Lending Company Profile (Get Rating)

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.

See Also

Earnings History for Sixth Street Specialty Lending (NYSE:TSLX)

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