TSLX Stock Summary and Trading Ideas (Sixth Street Specialty Lending | NYSE:TSLX)

Sixth Street Specialty Lending Inc is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the United States of America. It partners with companies across a variety of industries and excel at providing creative solutions to companies with complex business models that may have limited access to capital. The company seeks to generate current income in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.

Sixth Street Specialty Lending trades on the NYSE stock market under the symbol TSLX.

As of April 18, 2024, TSLX stock price climbed to $20.83 with 449,685 million shares trading.

TSLX has a beta of 0.64, meaning it tends to be less sensitive to market movements. TSLX has a correlation of 0.22 to the broad based SPY ETF.

TSLX has a market cap of $1.93 billion. This is considered a Small Cap stock.

Last quarter Sixth Street Specialty Lending reported $112 million in Revenue and $.62 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.04.

In the last 3 years, TSLX stock traded as high as $24.74 and as low as $16.03.

The top ETF exchange traded funds that TSLX belongs to (by Net Assets): BIZD, PBDC, VPC.

TSLX has outperformed the market in the last year with a price return of +26.1% while the SPY ETF gained +22.3%. However, in the short term, TSLX had mixed performance relative to the market. It has underperformed in the last 3 months, returning -1.2% vs +6.1% return in SPY. But in the last 2 weeks, TSLX shares have fared better than the market returning -1.2% compared to SPY -3.8%.

TSLX support price is $20.56 and resistance is $20.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TSLX stock will trade within this expected range on the day.