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)
- Valuation: P/E 18.5x (avg 10.3x at the last 3 fiscal year-ends), net debt $1.73B.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $142K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.73 on a 1–5 scale) (11 analysts), mean target USD 19.77 (range 17.5–23).
- Total return with dividends: 1Y -16.9% vs S&P 500 +13.5%; 5Y +20.2% vs S&P 500 +79.6%.
- Next earnings: 2026-11-03, EPS estimate USD 0.44, revenue estimate $97.9M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TSLX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| 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 date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-11 | Bruck Ross Anthony | Vice President | 8,000 | $142K | 17.76 | Too 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-10 | Keefe, Bruyette & Woods | Target raised | Outperform | $18.5 → $19.5 |
| 2026-07-02 | JP Morgan | Target lowered | Neutral | $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 filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 4, 2026 | Quarter ended Jun 30, 2026 | $0.43 | $0.42 | Beat +2.4% | +2.0% |
| May 5, 2026 | Quarter ended Mar 31, 2026 | $0.42 | $0.50 | Miss −16.0% | -9.4% |
| Feb 12, 2026 | Quarter ended Dec 31, 2025 | $0.62 | $0.50 | Beat +24.0% | -4.4% |
| Nov 4, 2025 | Quarter ended Sep 30, 2025 | $0.53 | $0.52 | Beat +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)
| Filed | Form | What it says |
|---|---|---|
| Aug 14, 2026 | Schedule 13G/A | STRS OHIO: 6.3% of shares, passive 5%+ holder (amended) |
| Aug 4, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
| Aug 4, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 8, 2026 | Schedule 13G | STRS 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)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Carlyle 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…” |
| Partner | Carlyle 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.” |
| Partner | Structured 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 TSLX | Company | Filing | Sentence |
|---|---|---|---|
| partner | Carlyle 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)
- “Except as otherwise required by federal securities laws, the Company assumes no obligation to update any such forward-looking statements, whether as a result of new information, future developments or otherwise.”
Quoted word-for-word from the SEC 8-K results press release.
TSLX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.44 | $0.43 | +1.6% | $97.9M | 11 |
| Next quarter (ends Dec 2026) | $0.45 | $0.44 | +2.7% | $99.4M | 10 |
| Current fiscal year (ends Dec 2026) | $1.74 | $1.72 | +1.2% | $388.7M | 11 |
| Next fiscal year (ends Dec 2027) | $1.84 | $1.81 | +1.6% | $406.4M | 11 |
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.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 29.5% | ±6.2% |
| Dec 18, 2026 | 51 | 23.0% | ±8.4% |
| Mar 19, 2027 | 142 | 20.4% | ±13.5% |
| Jun 17, 2027 | 232 | 41.0% | ±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)
| Price | USD 17.24 |
|---|---|
| Change | ▲ 0.17% (up) |
| Previous Close | USD 17.21 |
| Open | USD 17.23 |
| Day Range | USD 17.15 – 17.34 |
| 52-Week Range | USD 16.04 – 23.19 |
| Volume | 372,247 shares |
| Market Cap | $1.64B |
| Exchange | NYQ |
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 Signal | STRONG SELL |
|---|---|
| RSI (14) | 47.84 (neutral) |
| vs SMA50 | Below (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 Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 19.77 |
| High Target | USD 23 |
| Low Target | USD 17.5 |
| Buy / Hold / Sell | 10 / 1 / 0 |
Earnings (TSLX)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.44 |
| Revenue Estimate | $97.90M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.43 vs est 0.42 ▲ beat |
| 2026-03-31 | USD 0.42 vs est 0.5 ▼ miss |
| 2025-12-31 | USD 0.62 vs est 0.5 ▲ beat |
| 2025-09-30 | USD 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 / Equity | 1.24 |
| Current Ratio | 9.83 |
| 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.
| Growth | Weak — Revenue -7% YoY (annual), declining |
|---|---|
| Profitability | Strong — Operating margin 74% |
| Balance Sheet | Mixed — $194M cash and investments vs $1.92B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $402M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 6%, ROA 2.5% (last 4 quarters, SEC) |
Ownership (TSLX)
| Insider Ownership | +0.46% |
|---|---|
| Institutional Ownership | +57.38% |
| Shares Outstanding | 95.34M |
| 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 & Director | Robert J. Stanley |
|---|---|
| VP & Chairman | Michael E. Fishman |
| Chief Financial Officer | Ian Timothy Simmonds |
| Deputy CFO & Principal Accounting Officer | Michael Graf |
| VP & Non-Independent Director | Jennifer 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
| Investor | Stake |
|---|---|
| STRS Ohio | 6.35% |
| Sixth Street Partners Management Company, L.P. | 2.86% |
| Sound Income Strategies, LLC | 2.63% |
| Progeny 3, Inc. | 2.61% |
| UBS Group AG | 2.5% |
| Van Eck Associates Corporation | 2.49% |
| OMERS Administration Corporation | 2.12% |
| VanEck ETF Trust-VanEck BDC Income ETF | 1.79% |
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)
- Since we began our investment activities in July 2011, through December 31, 2025, we have originated approximately $53.3 billion aggregate principal amount of investments and retained approximately $11.8 billion aggregate principal amount of these investments on our balance sheet prior to any subsequent exits and repayments.
- On May 6, 2025, we, the Adviser and certain of our affiliates were granted an exemptive order from the SEC that allows us to co-invest, subject to certain conditions, with certain of our affiliates (including affiliates of Sixth Street) in middle-market loan origination activities for companies domiciled in the United States.
- We expect that with the ability to co-invest with Sixth Street affiliates we will continue to be able to provide "one-stop" financing to a potential portfolio company in these circumstances, which may allow us to capture opportunities where we alone could not commit the full amount of required capital or would have to spend additional time to locate unaffiliated co-investors.
- Within our portfolio, we aim to maintain the appropriate proportion among the various types of first-lien loans, as well as second-lien debt and mezzanine debt, which allows us to achieve our target returns while maintaining our targeted amount of credit risk.
Partnerships
- On April 15, 2011, we entered into the Investment Advisory Agreement with our Adviser.
- On March 15, 2011, we entered into the Administration Agreement with our Adviser.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in tax laws may adversely affect our business.
- Failure or alleged failure to comply with applicable data protection and privacy laws and regulations could subject us to ongoing costs and, in some cases, fines and reputational harm.
- Trade negotiations and related government actions may create global supply chain issues and regulatory uncertainty for our portfolio companies and our investment strategy and adversely affect the profitability of our portfolio companies.
- Changes in laws or regulations governing our operations may adversely affect our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund | USD 23.12 | ▲ 0.04% |
| PDI | PIMCO Dynamic Income Fund | USD 14.11 | ▲ 0.25% |
| VCTR | Victory Capital Holdings, Inc. | USD 111.54 | ▲ 0.82% |
| AMG | Affiliated Managers Group, Inc. | USD 391.16 | ▼ 0.21% |
| SEIC | SEI Investments Company | USD 103.29 | ▲ 0.39% |
| IVZ | Invesco Ltd | USD 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.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt