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

Sixth Street Specialty Lending (NYSE:TSLX) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates 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 firm had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. During the same period last year, the firm posted $0.60 earnings per share.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $20.26 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.88 billion, a PE ratio of 8.58 and a beta of 1.06. The firm has a fifty day simple moving average of $20.68 and a 200 day simple moving average of $21.07. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $22.35.

Sixth Street Specialty Lending Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $22.25.

Sixth Street Specialty Lending Company Profile

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.