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

Sixth Street Specialty Lending (NYSE:TSLX) announced its quarterly earnings results on Thursday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Stock Up 1.2 %

NYSE:TSLX traded up $0.27 on Thursday, hitting $22.47. 238,409 shares of the company’s stock were exchanged, compared to its average volume of 281,265. The firm has a 50-day moving average price of $21.52 and a 200-day moving average price of $20.99. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. Sixth Street Specialty Lending has a 52 week low of $19.50 and a 52 week high of $22.48. The company has a market cap of $2.10 billion, a P/E ratio of 10.91 and a beta of 1.06.

Sixth Street Specialty Lending Cuts Dividend

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

Wall Street Analysts Forecast Growth

TSLX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company upped their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Finally, LADENBURG THALM/SH SH raised shares of 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 note on Wednesday, November 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Buy” and a consensus price target 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.