Sixth Street SpecialtyTSLX
TSLX
About: Sixth Street Specialty Lending Inc is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the United States of America. It partners with companies across a variety of industries and excel at providing creative solutions to companies with complex business models that may have limited access to capital. The company seeks to generate current income in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
0
Funds holding %
of 6,814 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
41% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 58
3.19% less ownership
Funds ownership: 51.59% [Q2] → 48.4% (-3.19%) [Q3]
9% less capital invested
Capital invested by funds: $1.02B [Q2] → $925M (-$96.6M) [Q3]
10% less funds holding
Funds holding: 219 [Q2] → 198 (-21) [Q3]
30% less funds holding in top 10
Funds holding in top 10: 10 [Q2] → 7 (-3) [Q3]
45% less call options, than puts
Call options by funds: $1.33M | Put options by funds: $2.42M
50% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 30
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$21
0%
upside
Avg. target
$22
3%
upside
High target
$23
10%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Kenneth Lee 66% 1-year accuracy 39 / 59 met price target | 10%upside $23 | Outperform Reiterated | 12 Nov 2024 |
Keefe, Bruyette & Woods Paul Johnson 91% 1-year accuracy 10 / 11 met price target | 3%upside $22 | Outperform Maintained | 7 Nov 2024 |
Ladenburg Thalmann Mickey Schleien 100% 1-year accuracy 2 / 2 met price target | 0%upside $21 | Buy Upgraded | 6 Nov 2024 |
Wells Fargo Finian O'Shea 63% 1-year accuracy 22 / 35 met price target | 0%upside $21 | Overweight Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 3 articles about TSLX published over the past 30 days
Neutral
Business Wire
2 days ago
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Fourth Quarter and Fiscal Year Ended December 31, 2024 Financial Results
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 fourth quarter and fiscal year ended December 31, 2024 on Thursday, February 13, 2025, after the market closes. TSLX invites all interested persons to its webcast / conference call on Friday, February 14, 2025 at 8:30 a.m. Eastern Time to discuss its fourth quarter and fiscal year ended December 31, 2024 financial results. Conf.
Neutral
Seeking Alpha
2 days ago
Sixth Street Specialty Lending: Lower Interest Rates Won't Hurt Its Income Potential
Sixth Street Specialty Lending is well-positioned to thrive in a decreasing interest rate environment while maintaining solid dividend coverage. TSLX's defensive portfolio features first-lien debt orientation, effective voting control on 78% of debt investments, and reasonable non-accruals at 1.9%. Despite interest rate cuts, TSLX's dividend coverage remains robust, with a margin of safety of 107% even with further 200 bps cuts.
Positive
Seeking Alpha
2 weeks ago
8 Stocks I'm Buying As I Hone My Buying Strategy For 2025
I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I've sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towards immediate income.
Positive
Forbes
1 month ago
These 5 ‘Special' Dividends Are More Than One-Hit Wonders
Today we'll discuss a 5.4% dividend that actually annualizes to 7%. A 5.7% payer that really dishes 12.4%.
Neutral
Seeking Alpha
1 month ago
BDC Weekly Review: Two BDC Performance Headwinds
We take a look at the action in business development companies through the third week of November and highlight some of the key themes we are watching. BDCs posted a strong 2% return this week as market sentiment improved and Treasury yields stabilized. Tightening credit spreads and increasing covenant-lite deals pose potential future risks, reducing portfolio yield and potential capital gains.
Neutral
Seeking Alpha
1 month ago
Investing In BDCs For 10%+ Yields? This Is What Matters Now
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open.
Positive
Seeking Alpha
1 month ago
TSLX: 10% Yielding BDC Suitable For Watch List
Despite solid 2024 NII growth, Sixth Street Specialty Lending, Inc.'s realized and unrealized gains fell, but dividends and NII coverage remain strong. TSLX's portfolio is 94% secured loans, with 98.8% at floating rates, and has diversified industry exposure and internal ratings. TSLX trades at a premium to NAV; advised to add to your watch list and watch for market pullbacks for better entry points.
Neutral
Seeking Alpha
1 month ago
Sixth Street Specialty Lending: Underwhelming Performance And Rising Non-Accruals (Rating Downgrade)
I am downgrading Sixth Street Specialty Lending stock to a hold due to its continued underperformance against peers and unjustified premium valuation. Despite a high 10.3% dividend yield and consistent dividend history, TSLX's total return is lackluster, only achieving a 1% YTD return. The non-accrual rate has increased to 1.9%, indicating rising vulnerability in the current high-interest rate environment.
Neutral
Seeking Alpha
1 month ago
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end.
Neutral
Seeking Alpha
2 months ago
Sixth Street Specialty Lending, Inc. (TSLX) Q3 2024 Earnings Call Transcript
Sixth Street Specialty Lending, Inc. (NYSE:TSLX ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Cami VanHorn - Head of IR Joshua Easterly - CEO & Chairman Robert Stanley - President Ian Simmonds - CFO Conference Call Participants Brian Mckenna - Citizens' JMP Mark Hughes - Truist Securities Robert Dodd - Raymond James & Associates Bryce Rowe - B. Riley Operator Good morning and welcome to Sixth Street Specialty Lending, Inc.'s Third Quarter Ended September 30th, 2024 Earnings Conference Call.
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