FY2024 EPS Estimates for Sixth Street Specialty Lending, Inc. Lifted by B. Riley (NYSE:TSLX)

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) – Research analysts at B. Riley boosted their FY2024 earnings estimates for Sixth Street Specialty Lending in a research note issued to investors on Friday, August 2nd. B. Riley analyst B. Rowe now forecasts that the financial services provider will earn $2.31 per share for the year, up from their previous forecast of $2.30. The consensus estimate for Sixth Street Specialty Lending’s current full-year earnings is $2.31 per share. B. Riley also issued estimates for Sixth Street Specialty Lending’s Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.20 EPS.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $121.82 million during the quarter, compared to analysts’ expectations of $120.33 million. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. During the same quarter in the prior year, the company earned $0.58 earnings per share.

Separately, Keefe, Bruyette & Woods reduced their target price on shares of Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Sixth Street Specialty Lending Stock Up 1.8 %

Sixth Street Specialty Lending stock opened at $20.32 on Monday. Sixth Street Specialty Lending has a twelve month low of $19.02 and a twelve month high of $22.35. The company has a 50 day moving average of $21.42 and a 200-day moving average of $21.36. The stock has a market capitalization of $1.88 billion, a PE ratio of 8.19 and a beta of 1.05. The company has a quick ratio of 2.03, a current ratio of 1.90 and a debt-to-equity ratio of 1.07.

Institutional Trading of Sixth Street Specialty Lending

Large investors have recently added to or reduced their stakes in the company. Community Bank N.A. lifted its stake in Sixth Street Specialty Lending by 50.0% in the fourth quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 500 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Sixth Street Specialty Lending in the first quarter valued at $35,000. Global Retirement Partners LLC raised its position in shares of Sixth Street Specialty Lending by 105.0% in the first quarter. Global Retirement Partners LLC now owns 1,757 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 900 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Sixth Street Specialty Lending by 576.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,281 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,944 shares during the period. Finally, Cape Investment Advisory Inc. bought a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.46 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.84 dividend on an annualized basis and a yield of 9.06%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 74.19%.

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.