Third Quarter 2021 Profit Estimate for Sixth Street Specialty Lending, Inc. (NYSE: TSLX) released by Truist Securiti

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Sixth Street Specialty Lending, Inc. (NYSE: TSLX) – Research analysts at Truist Securiti raised their earnings per share (EPS) estimates for the third quarter of 2021 for Sixth Street Specialty Lending in a report released on Wednesday, August 4. Truist Securiti analyst Mr Ramirez now predicts the financial services provider will post earnings of $ 0.51 per share for the quarter, up from its previous estimate of $ 0.50. Truist Securiti also released estimates for Sixth Street Specialty Lending fourth quarter 2021 earnings at $ 0.51 per share, first quarter 2022 earnings at $ 0.51 per share, and fiscal 2022 earnings at 2 .04 per share. Sixth Street Specialty Lending (NYSE: TSLX) last released its quarterly results on Tuesday, August 3. The financial services provider reported earnings per share (EPS) of $ 0.38 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.50 ($ 0.12). Sixth Street Specialty Lending recorded a return on equity of 13.60% and a net margin of 106.63%. The company posted revenue of $ 62.83 million in the quarter, compared to the consensus estimate of $ 65.34 million.

A number of other equity research analysts have also weighed on the company recently. Raymond James raised his price target on Sixth Street Specialty Lending from $ 22.00 to $ 23.50 and rated the stock as “outperforming” in a research note on Thursday, May 6. LADENBURG THALM / SH SH reaffirmed a “neutral” rating on Sixth Street Specialty Lending shares in a report released on Wednesday May 12th. Oppenheimer assumed coverage of Sixth Street Specialty Lending in a report released Wednesday, April 21. They set an “outperformance” rating and a price target of $ 23.00 for the stock. Finally, Zacks Investment Research upgraded Sixth Street Specialty Lending from a “hold” rating to a “buy” rating and set a target price of $ 26.00 on the stock in a report released on Saturday, July 31.

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The Coca-Cola Company acquired Vitamin Water from Glacéau for $ 4.1 billion.

NYSE: TSLX opened at $ 22.96 on Friday. The company has a leverage ratio of 0.90, a current ratio of 0.24, and a quick ratio of 0.24. Sixth Street Specialty Lending has a one-year low of $ 16.12 and a one-year high of $ 23.97. The company has a market cap of $ 1.67 billion, a price / earnings ratio of 5.49, a price / earnings-growth ratio of 1.26, and a beta of 1.22. The company has a fifty-day moving average of $ 22.75.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15. Shareholders of record on Wednesday, September 15 will receive a dividend of $ 0.41. The ex-dividend date is Tuesday, September 14. This represents a dividend of $ 1.64 on an annualized basis and a dividend yield of 7.14%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 74.21%.

In related news, director Richard A. Higginbotham bought 5,000 shares of the company in a transaction that took place on Tuesday, May 11. The shares were purchased at an average price of $ 21.88 per share, for a total transaction of $ 109,400.00. Following the completion of the acquisition, the Director now owns 20,000 shares of the company, valued at approximately $ 437,600. The transaction was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. Insiders own 4.10% of the shares of the company.

A number of large investors have recently changed their holdings in TSLX. Morgan Stanley raised its stake in Sixth Street Specialty Lending shares by 14.0% in the 1st quarter. Morgan Stanley now owns 1,808,883 shares of the financial services provider valued at $ 38,041,000 after acquiring an additional 222,189 shares in the last quarter. Delphi Financial Group Inc. increased its stake in Sixth Street Specialty Lending shares by 1.7% in the 1st quarter. Delphi Financial Group Inc. now owns 1,612,760 shares of the financial services provider valued at $ 33,916,000 after purchasing an additional 27,216 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Sixth Street Specialty Lending shares by 17.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,436,393 shares of the financial services provider valued at $ 30,207,000 after purchasing an additional 211,820 shares during the period. Sound Income Strategies LLC increased its stake in the shares of Sixth Street Specialty Lending by 2.5% in the 1st quarter. Sound Income Strategies LLC now owns 1,426,011 shares of the financial services provider valued at $ 29,989,000 after purchasing an additional 35,436 shares during the period. Finally, LSV Asset Management increased its stake in Sixth Street Specialty Lending by 2.4% during the second quarter. LSV Asset Management now owns 862,487 shares of the financial services provider valued at $ 19,138,000 after purchasing an additional 19,942 shares in the last quarter. 49.33% of the shares are currently held by institutional investors and hedge funds.

About Sixth Street Specialty Loans

Sixth Street Specialty Lending, Inc acts as a private equity fund. The fund targets companies operating in healthcare, commerce, internet, industry and technology servers. It provides financing for senior debt, senior debt, mezzanine and unsecured debt, equity and other investments, transaction size between $ 15-350 million, EBTIDA of 10-250 million dollars and an enterprise value of $ 50 million.

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History and Earnings Estimates for Sixth Street Specialty Loans (NYSE: TSLX)

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