Sixth Street Specialty Lending: Still Thriving Despite The Headwinds [Seeking Alpha]
Sixth Street Specialty Lending, Inc. (TSLX)
Last sixth street specialty lending, inc. earnings: 2/19 04:05 pm
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tpgspecialtylending.com
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Source: Seeking Alpha
TSLX has consistently outperformed the broader BDC market over the past 5 years, and due to the strength of its fundamentals, it trades at a premium to NAV. If we reconcile the Q4 2023 earnings report, we will understand that having a premium here is fully justified. In this article, I outline the key reasons why TSLX continues to be a clear buy despite the headwinds at the industry level. Sixth Street Specialty Lending, Inc. ( NYSE: TSLX is one of the largest BDCs with a NAV of close to $1.5 billion. Over the past 5-year period, TSLX has outperformed the broader BDC market in a quite consistent manner. What is rather TSLX-specific is that the Fund trades at a relatively notable premium over NAV, which makes it the fourth most expensive BDC with P/NAV of 1.21x. However, investors have to, first of all, understand that there is a justified basis behind that premium, and, second - TSLX has traded at similar premiums over the underlying NAV over most of its trading days. Early
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TSLX
News
- Will Sixth St (TSLX) Beat Estimates Again in Its Next Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Main Street Capital: One Of The Best Ways To Play Defense In BDC Space [Seeking Alpha]Seeking Alpha
- Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2024 Financial ResultsBusiness Wire
- Sixth Street Specialty Lending, Inc. (NYSE: TSLX) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $22.50 price target on the stock.MarketBeat
- BDC Weekly Review: BDCs Continue To Shed Leverage [Seeking Alpha]Seeking Alpha
TSLX
Earnings
- 2/15/24 - Beat
TSLX
Sec Filings
- 4/26/24 - Form 8-K
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form ARS
- TSLX's page on the SEC website