Sixth Street Specialty Lending (NYSE:TSLX) Announces Earnings Results

Sixth Street Specialty Lending (NYSE:TSLX) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57, Briefing.com reports. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. The business had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same period in the previous year, the business earned $0.60 earnings per share.

Sixth Street Specialty Lending Price Performance

TSLX opened at $20.05 on Thursday. The firm has a market capitalization of $1.87 billion, a PE ratio of 8.58 and a beta of 1.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90. The business’s 50-day moving average is $20.68 and its two-hundred day moving average is $21.07. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $22.35.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.05 per share. This represents a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 77.97%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Thursday, August 15th. Finally, LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending has an average rating of “Buy” and an average price target of $22.25.

About 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.