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

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

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX traded up $0.27 during trading on Thursday, reaching $22.47. 238,287 shares of the stock traded hands, compared to its average volume of 281,257. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The stock has a market capitalization of $2.10 billion, a P/E ratio of 10.91 and a beta of 1.06. Sixth Street Specialty Lending has a 52-week low of $19.50 and a 52-week high of $22.48. The company has a 50-day moving average of $21.52 and a 200-day moving average of $20.99.

Sixth Street Specialty Lending Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on TSLX shares. Keefe, Bruyette & Woods reduced their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research report on Thursday, November 7th. 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 report 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 price target on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of “Buy” and an average target price of $22.33.

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.