The stock of Sixth Street Specialty Lending Inc (NYSE: TSLX) has increased by 1.90 when compared to last closing price of 19.79.Despite this, the company has seen a loss of -0.47% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-06 that Sixth Street Specialty Lending, Inc. (NYSE:TSLX ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Cami VanHorn – Head of IR Joshua Easterly – CEO & Chairman Robert Stanley – President Ian Simmonds – CFO Conference Call Participants Brian Mckenna – Citizens’ JMP Mark Hughes – Truist Securities Robert Dodd – Raymond James & Associates Bryce Rowe – B. Riley Operator Good morning and welcome to Sixth Street Specialty Lending, Inc.’s Third Quarter Ended September 30th, 2024 Earnings Conference Call.
Is It Worth Investing in Sixth Street Specialty Lending Inc (NYSE: TSLX) Right Now?
The price-to-earnings ratio for Sixth Street Specialty Lending Inc (NYSE: TSLX) is 8.51x, which is above its average ratio. Moreover, the 36-month beta value for TSLX is 1.08. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for TSLX is 92.08M and currently, short sellers hold a 0.79% of that float. On November 08, 2024, TSLX’s average trading volume was 286.81K shares.
TSLX’s Market Performance
TSLX’s stock has seen a -0.47% decrease for the week, with a -1.20% drop in the past month and a -1.50% fall in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 1.26% for Sixth Street Specialty Lending Inc. The simple moving average for the past 20 days is -1.54% for TSLX’s stock, with a -4.10% simple moving average for the past 200 days.
Analysts’ Opinion of TSLX
B. Riley Securities, on the other hand, stated in their research note that they expect to see TSLX reach a price target of $22. The rating they have provided for TSLX stocks is “Neutral” according to the report published on November 06th, 2023.
B. Riley Securities gave a rating of “Buy” to TSLX, setting the target price at $21 in the report published on June 16th of the previous year.
TSLX Trading at -2.29% from the 50-Day Moving Average
After a stumble in the market that brought TSLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.94% of loss for the given period.
Volatility was left at 1.26%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -1.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.65% lower at present.
During the last 5 trading sessions, TSLX fell by -0.32%, which changed the moving average for the period of 200-days by -8.45% in comparison to the 20-day moving average, which settled at $20.48. In addition, Sixth Street Specialty Lending Inc saw -5.78% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TSLX starting from Graf Michael, who purchase 500 shares at the price of $20.45 back on Aug 07 ’24. After this action, Graf Michael now owns 4,505 shares of Sixth Street Specialty Lending Inc, valued at $10,225 using the latest closing price.
Slotkin Judy S, the Director of Sixth Street Specialty Lending Inc, purchase 7,015 shares at $19.90 during a trade that took place back on Aug 05 ’24, which means that Slotkin Judy S is holding 18,726 shares at $139,598 based on the most recent closing price.
Stock Fundamentals for TSLX
Current profitability levels for the company are sitting at:
- 0.93 for the present operating margin
- 1.99 for the gross margin
The net margin for Sixth Street Specialty Lending Inc stands at 0.49. The total capital return value is set at 0.03.
Based on Sixth Street Specialty Lending Inc (TSLX), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -7.86. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 1329.07.
Currently, EBITDA for the company is 334.54 million with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of -0.22. The receivables turnover for the company is 3.37for trailing twelve months and the total asset turnover is 0.03.
Conclusion
To wrap up, the performance of Sixth Street Specialty Lending Inc (TSLX) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
