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

Sixth Street Specialty Lending (NYSE:TSLX) announced its quarterly earnings data on Thursday. The financial services provider reported $0.61 EPS for the quarter, beating 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 Price Performance

Shares of Sixth Street Specialty Lending stock traded up $0.50 during trading on Friday, hitting $22.97. 730,751 shares of the company were exchanged, compared to its average volume of 250,707. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending has a fifty-two week low of $19.50 and a fifty-two week high of $23.15. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.15 and a beta of 1.06. The firm has a 50 day moving average price of $21.54 and a 200 day moving average price of $21.00.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.07 per share. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, March 14th. Sixth Street Specialty Lending’s payout ratio is currently 89.32%.

Analyst Ratings Changes

TSLX has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. 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. Finally, Wells Fargo & Company raised their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate 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.