Sixth Street Specialty Lending (NYSE:TSLX) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Sixth Street Specialty Lending (NYSE:TSLX) posted its quarterly earnings data on Thursday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04, Zacks reports. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%.

Sixth Street Specialty Lending Trading Up 1.2 %

Shares of TSLX stock traded up $0.27 during mid-day trading on Thursday, reaching $22.47. The stock had a trading volume of 238,287 shares, compared to its average volume of 281,257. The firm has a market capitalization of $2.10 billion, a PE ratio of 10.91 and a beta of 1.06. The stock’s 50-day moving average price is $21.52 and its two-hundred day moving average price is $20.99. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending has a 52-week low of $19.50 and a 52-week high of $22.48.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a $0.05 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, November 29th. Sixth Street Specialty Lending’s payout ratio is 89.32%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods reduced their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $22.33.

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.