With over 0.49 million Sixth Street Specialty Lending, Inc. (TSLX) shares trading Friday and a closing price of $21.73 on the day, the dollar volume was approximately $10.55 million. The shares have shown a positive half year performance of 14.07% and its price on 01/12/24 gained nearly 0.60%. Currently, there are 87.58M common shares owned by the public and among those 86.73M shares have been available to trade.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 6,400 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
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The top 3 mutual fund holders in Sixth Street Specialty Lending, Inc. are VanEck BDC Income ETF, Dynamic Alternative Yield Fund, and Burgundy US Smaller Companies Fun. VanEck BDC Income ETF owns 1.61 million shares of the company’s stock, all valued at over $34.78 million. The company bought an additional 3084.0 shares recently to bring their total holdings to about 1.84% of the shares outstanding. Dynamic Alternative Yield Fund bought 0.26 million shares to see its total holdings expand to 0.76 million shares valued at over $16.33 million and representing 0.86% of the shares outstanding. Burgundy US Smaller Companies Fun now owns shares totaling to 0.33% of the shares outstanding.
Shares of Sixth Street Specialty Lending, Inc. (NYSE: TSLX) opened at $21.67, up $0.07 from a prior closing price of $21.60. However, the script later moved the day high at 21.82, up 0.60%. The company’s stock has a 5-day price change of 0.05% and 9.45% over the past three months. TSLX shares are trading 0.60% year to date (YTD), with the 12-month market performance up to 17.19% higher. It has a 12-month low price of $16.72 and touched a high of $22.01 over the same period. TSLX has an average intraday trading volume of 306.67K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.04%, 3.27%, and 11.20% respectively.
Institutional ownership of Sixth Street Specialty Lending, Inc. (NYSE: TSLX) shares accounts for 47.33% of the company’s 87.58M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $1.90B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 8.33, while the earnings-per-share (ttm) stands at $2.61. The company has a PEG of 4.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.05% over the week and 1.30% over the month.
Analysts forecast that Sixth Street Specialty Lending, Inc. (TSLX) will achieve an EPS of $0.58 for the current quarter, $0.57 for the next quarter and $2.29 for 2024. The lowest estimate earnings-per-share for the quarter is $0.56 while analysts give the company a high EPS estimate of $0.6. Comparatively, EPS for the current quarter was $0.64 a year ago. Earnings per share for the fiscal year are expected to increase by 15.90%, and -1.70% over the next financial year. EPS should grow at an annualized rate of 2.00% over the next five years, compared to 1.58% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Sixth Street Specialty Lending, Inc. (TSLX) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 3 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TSLX, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on November 06, 2023, with the firm’s price target at $22.
