Second Quarter 2023 EPS Estimates for Sixth Street Specialty Lending, Inc. Reduced by Oppenheimer (NYSE: TSLX)

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Sixth Street Specialty Lending, Inc. (NYSE: TSLX – Get a rating) – Oppenheimer equity research analysts cut their second-quarter 2023 earnings estimates for Sixth Street Specialty Lending stocks in a research report released Wednesday, August 3. Oppenheimer analyst Penn now expects the financial services provider to earn $0.50 a share for the quarter, down from its previous forecast of $0.52. Sixth Street Specialty Lending’s current annual earnings consensus estimate is $1.99 per share. Oppenheimer also released estimates for Sixth Street Specialty Lending Q3 2023 earnings at $0.51 EPS, Q4 2023 earnings at $0.52 EPS and fiscal year 2023 earnings at $2.03 EPS.

Other research analysts have also published research reports on the stock. Raymond James lowered its price target on shares of Sixth Street Specialty Lending from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report Thursday. The Hovde Group lowered its target price on shares of Sixth Street Specialty Lending to $21.00 in a Friday, May 20 research report.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX shares opened at $19.04 on Monday. The company’s 50-day moving average price is $19.14 and its two-hundred-day moving average price is $21.51. Sixth Street Specialty Lending has a 12-month low of $18.02 and a 12-month high of $24.74. The company has a market capitalization of $1.54 billion, a PE ratio of 11.68 and a beta of 1.05. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt ratio of 1.01.

Sixth Street Specialty Lending increases its dividend

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 30. Investors of record on Thursday, September 15 will receive a dividend of $0.42 per share. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.41. The ex-dividend date is Wednesday, September 14. This represents an annualized dividend of $1.68 and a dividend yield of 8.82%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 100.61%.

Insider buying and selling

In other news, Vice President Jennifer Gordon purchased 2,500 shares of Sixth Street Specialty Lending in a trade that took place on Tuesday, May 24. The shares were acquired at an average price of $19.91 per share, for a total transaction of $49,775.00. Following the transaction, the vice president now owns 2,500 shares of the company, valued at approximately $49,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. 3.90% of the shares are currently held by insiders of the company.

Sixth Street Specialty Lending Institutional Negotiation

A number of hedge funds have recently increased or reduced their holdings in the stock. MQS Management LLC acquired a new stake in Sixth Street Specialty Lending in the second quarter worth approximately $950,000. Mckinley Capital Management LLC Delaware increased its stake in shares of Sixth Street Specialty Lending by 0.6% during the second quarter. Mckinley Capital Management LLC Delaware now owns 226,913 shares of the financial services provider valued at $4,198,000 after acquiring 1,331 additional shares in the last quarter. Pictet North America Advisors SA bought a new position in shares of Sixth Street Specialty Lending during the second quarter, valued at $611,000. abrdn plc bought a new position in shares of Sixth Street Specialty Lending during the second quarter worth $2,561,000. Finally, Texas Capital Bank Wealth Management Services Inc. increased its stake in shares of Sixth Street Specialty Lending by 7.0% during the second quarter. Texas Capital Bank Wealth Management Services Inc. now owns 98,133 shares of the financial services provider valued at $1,815,000 after acquiring an additional 6,449 shares in the last quarter. Institutional investors and hedge funds own 47.04% of the company’s shares.

Sixth Street Specialty Loan Company Profile

(Get a rating)

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund offers senior secured loans (first lien, second lien and unitranche), unsecured loans, mezzanine debt and investments in corporate bonds, equity and structured products, equity structured non-controlling interests and common stock with an emphasis on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations and refinancing.

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Earnings history and estimates for Sixth Street Specialty Lending (NYSE: TSLX)

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