Sixth Street Specialty Lending, Inc. (TSLX) Stock Price & Analysis

Sixth Street Specialty Lending, Inc. (TSLX) is trading at USD 17.24, up 0.17% today, as of October 28, 2026 at 19:03 UTC (US market open; quotes may be delayed), according to Nexqual market data.

TSLX last closed at USD 17.21; today's session has ranged USD 17.15–17.34 on volume of 372,247 shares. Market capitalization is $1.64B, with a 52-week range of USD 16.04–23.19 (NYQ). Source: Nexqual, retrieved October 28, 2026 at 19:04 UTC.

Also available as compact Markdown for AI agents: nexqual.com/TSLX.md

Key facts (TSLX)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TSLX)

USDFY2021FY2022FY2023FY2024FY2025TTM
Net income$212M$108M$222M$187M$171M$89.0M
EPS (diluted)$2.79$1.38$2.61$2.03$1.81—
Cash + short-term investments$16.0M$25.6M$25.2M$27.3M$19.7M—
Total debt$1.19B$1.44B$1.78B$1.90B$1.74B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (TSLX)

P/E 18.5x · P/B 1.1x · Earnings yield 5.42% · Dividend yield (paid, TTM) 9.59% · Net debt $1.73B · EV $3.38B

P/E at fiscal year-ends: Dec 2025 12.0x, Dec 2024 10.5x, Dec 2023 8.3x.

Insider purchases (SEC Form 4, open-market, last ~7 months) (TSLX)

1 purchase, $142K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.

Trade dateInsiderRoleSharesValueAvg priceInsider type
2026-05-11Bruck Ross AnthonyVice President8,000$142K17.76Too little history (no open-market trades in 2023–2025)

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (TSLX)

Consensus Buy (mean 1.73 on a 1–5 scale), 11 analysts; mean target USD 19.77 (low 17.5, high 23).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-08-10Keefe, Bruyette & WoodsTarget raisedOutperform$18.5 → $19.5
2026-07-02JP MorganTarget loweredNeutral$17.5 → $16.5

Total return (dividends reinvested) (TSLX)

1Y (from 2025-10-28)5Y (from 2021-10-25)
Total return-16.9%+20.2%
S&P 500 (SPY)+13.5%+79.6%
Per year-16.9%+3.8%
Volatility (annualized)26.3%19.7%
Max drawdown-24.3% (Jan 2026→Jun 2026)-27.6% (Mar 2022→Sep 2022)

TSLX earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 4, 2026Quarter ended Jun 30, 2026$0.43$0.42Beat +2.4%+2.0%
May 5, 2026Quarter ended Mar 31, 2026$0.42$0.50Miss −16.0%-9.4%
Feb 12, 2026Quarter ended Dec 31, 2025$0.62$0.50Beat +24.0%-4.4%
Nov 4, 2025Quarter ended Sep 30, 2025$0.53$0.52Beat +1.9%-3.5%
Jul 30, 2025————+1.7%
Apr 30, 2025————-1.5%
Feb 13, 2025————+3.4%
Nov 5, 2024————+1.0%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

TSLX recent SEC filings (last 120 days)

FiledFormWhat it says
Aug 14, 2026Schedule 13G/ASTRS OHIO: 6.3% of shares, passive 5%+ holder (amended)
Aug 4, 20268-KQuarterly results; Regulation FD disclosure
Aug 4, 202610-QQuarterly report · period ended Jun 30, 2026
Jul 8, 2026Schedule 13GSTRS OHIO: 5.1% of shares, passive 5%+ holder

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

TSLX suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
PartnerCarlyle Group Inc. (CG)“On December 23, 2025, affiliates of Sixth Street, including us, and affiliates of Carlyle Group Inc. ("Carlyle") entered into an amended and restated limited liability company agreement, as amended from time to time (the "Limited Liability Company Agreement"), to co-manage Structured Credit Partners JV, LLC ("SCP"), a joint venture focused on investing in broadly syndicated first lien senior secured loans, finance…”
PartnerCarlyle Secured Lending, Inc. (CGBD)“SCP will be initially capitalized with $600.0 million of aggregate capital commitments from Sixth Street Specialty Lending, Inc., Sixth Street Lending Partners, Carlyle Secured Lending, Inc. and Carlyle Credit Solutions, Inc., as members of SCP, with all members of SCP having equal voting control.”
PartnerStructured Credit Partners JV“We may indirectly invest in broadly syndicated first lien senior secured loans, financed with long-term, non-mark-to-market, and predominantly investment grade rated CLO debt through joint ventures, partnerships or other special purpose vehicles ("Investment Vehicles"), including SCP.”

Quoted from the company's 10-K filed Feb 12, 2026.

Companies that name TSLX in their SEC reports

Relationship to TSLXCompanyFilingSentence
partnerCarlyle Secured Lending, Inc. (CGBD)10-K Feb 24, 2026“In December 2025, we, together with Carlyle Credit Solutions, Inc. ("CARS"), an affiliated BDC, and certain affiliates of Sixth Street Partners, LLC, Sixth Street Lending Partners and Sixth Street Specialty Lending, Inc. (together, "Sixth Street") (collectively with us and CARS, the "SCP Members"), agreed to co-invest through Structured Credit Partners JV, LLC ("Structured Credit Partners"), a joint venture that w…”

TSLX company outlook (results filed Aug 4, 2026)

Quoted word-for-word from the SEC 8-K results press release.

TSLX analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.44$0.43+1.6%$97.9M11
Next quarter (ends Dec 2026)$0.45$0.44+2.7%$99.4M10
Current fiscal year (ends Dec 2026)$1.74$1.72+1.2%$388.7M11
Next fiscal year (ends Dec 2027)$1.84$1.81+1.6%$406.4M11

TSLX options: expected move

Options price a move of about ±6.2% (±$1.08) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±3.4% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262329.5%±6.2%
Dec 18, 20265123.0%±8.4%
Mar 19, 202714220.4%±13.5%
Jun 17, 202723241.0%±25.6%

30-day implied volatility 28.6% vs 22.7% realized over the last 30 trading days. Put/call ratio (volume) 6.58. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 28, 2026 at 19:04 UTC)

PriceUSD 17.24
Change▲ 0.17% (up)
Previous CloseUSD 17.21
OpenUSD 17.23
Day RangeUSD 17.15 – 17.34
52-Week RangeUSD 16.04 – 23.19
Volume372,247 shares
Market Cap$1.64B
ExchangeNYQ

Technical Analysis (TSLX)

Nexqual's technical model rates TSLX "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 28, 2026 at 19:04 UTC.

Overall SignalSTRONG SELL
RSI (14)47.84 (neutral)
vs SMA50Below (USD 17.91)
MACD-0.22 (negative)

Analyst Ratings (TSLX)

Wall Street analysts rate TSLX "Buy" based on 11 analysts, with a mean price target of USD 19.77 (range USD 17.5–23), per Nexqual as of October 28, 2026 at 19:04 UTC.

Consensus RatingBuy
Analyst Count11
Mean TargetUSD 19.77
High TargetUSD 23
Low TargetUSD 17.5
Buy / Hold / Sell10 / 1 / 0

Earnings (TSLX)

Next Earnings Date2026-11-03
EPS EstimateUSD 0.44
Revenue Estimate$97.90M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.43 vs est 0.42 ▲ beat
2026-03-31USD 0.42 vs est 0.5 ▼ miss
2025-12-31USD 0.62 vs est 0.5 ▲ beat
2025-09-30USD 0.53 vs est 0.52 ▲ beat

Source: Nexqual, October 28, 2026 at 19:04 UTC.

Financials & Fundamentals (TSLX)

Total Revenue$408.93M
Revenue Growth (latest quarter, YoY)-14.90%
Gross Margin+100.00%
Operating Margin+73.86%
Profit Margin+21.77%
ROE+5.63%
Debt / Equity1.24
Current Ratio9.83
Total Cash$153.50M
Total Debt$1.92B

Source: Nexqual, October 28, 2026 at 19:04 UTC.

Financial Health Score (TSLX)

Nexqual rates Sixth Street Specialty Lending, Inc.'s overall financial health "Mixed" across five dimensions, as of October 28, 2026 at 19:04 UTC.

GrowthWeak — Revenue -7% YoY (annual), declining
ProfitabilityStrong — Operating margin 74%
Balance SheetMixed — $194M cash and investments vs $1.92B debt (Jun 2026, SEC)
Cash FlowSolid — Operating cash flow $402M (FY ended Dec 2025, 10-K)
EfficiencyMixed — ROE 6%, ROA 2.5% (last 4 quarters, SEC)

Ownership (TSLX)

Insider Ownership+0.46%
Institutional Ownership+57.38%
Shares Outstanding95.34M
Short % of Float+4.22%

Source: Nexqual, October 28, 2026 at 19:04 UTC.

Leadership (TSLX)

Sixth Street Specialty Lending, Inc. is led by Robert J. Stanley, CEO & Director, per Nexqual as of October 28, 2026 at 19:04 UTC.

CEO & DirectorRobert J. Stanley
VP & ChairmanMichael E. Fishman
Chief Financial OfficerIan Timothy Simmonds
Deputy CFO & Principal Accounting OfficerMichael Graf
VP & Non-Independent DirectorJennifer E. Gordon

Major Backers & Investors (TSLX)

Notable institutional backers of Sixth Street Specialty Lending, Inc. include STRS Ohio, Sixth Street Partners Management Company, L.P., Sound Income Strategies, LLC, according to Nexqual as of October 28, 2026 at 19:04 UTC.

Active Investors

InvestorStake
STRS Ohio6.35%
Sixth Street Partners Management Company, L.P.2.86%
Sound Income Strategies, LLC2.63%
Progeny 3, Inc.2.61%
UBS Group AG2.5%
Van Eck Associates Corporation2.49%
OMERS Administration Corporation2.12%
VanEck ETF Trust-VanEck BDC Income ETF1.79%

Source: Nexqual, October 28, 2026 at 19:04 UTC.

From Sixth Street Specialty Lending, Inc.'s Latest SEC 10-K Filing (filed 2026-02-12)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
BXSLBlackstone Secured Lending FundUSD 23.12▲ 0.04%
PDIPIMCO Dynamic Income FundUSD 14.11▲ 0.25%
VCTRVictory Capital Holdings, Inc. USD 111.54▲ 0.82%
AMGAffiliated Managers Group, Inc.USD 391.16▼ 0.21%
SEICSEI Investments CompanyUSD 103.29▲ 0.39%
IVZInvesco LtdUSD 28.45▲ 0.05%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 28, 2026 at 19:04 UTC. This page is informational and not investment advice.

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