TSLX Delivers Another Quarter of Outperformance, Yields 11.2% for SIXTH STREET SPECIALTY LENDING
June 25, 2023
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SIXTH STREET SPECIALTY LENDING ($NYSE:TSLX) (TSLX) has delivered yet another quarter of strong outperformance, with an impressive yield of 11.2%. This impressive yield is just one of the many reasons why TSLX is one of the most popular investments in the industry today. It is a global investment firm that specializes in private equity, direct lending, and distressed investments. It also offers a variety of other investment services, such as portfolio construction and risk management. The company has established itself as a leader in the alternative investments space, providing unique and attractive opportunities to investors throughout the world.
Over the course of its existence, TSLX has provided investors with an average return of 11.2%, significantly outperforming other investment options. With its track record of strong outperformance and impressive yields, TSLX is an excellent option for investors who want to diversify their portfolios and maximize their returns. With the continued success of the company, it is likely that TSLX will remain one of the most popular investments for years to come.
Analysis
GoodWhale’s analysis of SIXTH STREET SPECIALTY LENDING shows that overall, this company has been given an intermediate health score of 4/10 considering its cashflows and debt, meaning that it is likely to sustain future operations in times of crisis. We classify SIXTH STREET SPECIALTY LENDING as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors who may be interested in SIXTH STREET SPECIALTY LENDING are those who are looking for stability and growth. It is strong in cash and medium in terms of its dividend, growth and weak in assets and profitability. As a result, investors looking for these characteristics in a company may be willing to invest in SIXTH STREET SPECIALTY LENDING. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TSLX. More…
| Total Revenues | Net Income | Net Margin |
| 156.42 | 120.12 | 76.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TSLX. More…
| Operations | Investing | Financing |
| -379.19 | – | 381.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TSLX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.97k | 1.62k | 16.59 |
Key Ratios Snapshot
Some of the financial key ratios for TSLX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.5% | – | – |
| FCF Margin | ROE | ROA |
| -242.4% | 5.7% | 2.6% |
Peers
It competes in the specialty lending space with other companies such as Golub Capital BDC Inc, Portman Ridge Finance Corp, and OFS Capital Corp. All four companies strive to provide innovative and tailored financial solutions to meet the needs of their customers.
– Golub Capital BDC Inc ($NASDAQ:GBDC)
Golub Capital BDC Inc is a business development company (BDC) that provides middle-market companies with flexible financing solutions. As of 2023, it has a market cap of 2.25 billion and a Return on Equity of 3.77%. The company’s market capitalization is an indication of its financial strength and market presence, while its ROE shows its ability to generate profits from its invested capital. As an investment firm, Golub Capital BDC Inc has the ability to provide customized financing solutions to its clients and has proven its worth in the middle-market financing space.
– Portman Ridge Finance Corp ($NASDAQ:PTMN)
Portman Ridge Finance Corp is an asset management company that specializes in providing capital solutions to financial institutions and corporations. The company has a market capitalization of 214.28M as of 2023, which represents the total market value of its outstanding stock. The company has a negative return on equity (-1.97%) which is indicative of the low profitability of its investments. Portman Ridge Finance Corp is facing challenges in its ability to generate profits on its investments, which is impacting its overall market capitalization.
– OFS Capital Corp ($NASDAQ:OFS)
OFS Capital Corp is a publicly traded business development company that provides debt and equity capital to lower middle-market companies. It acts as an alternative source of financing for companies that may not be able to access traditional bank financing in the current market. As of 2023, OFS Capital Corp has a market capitalization of 133.66M, which is a measure of the company’s total value based on the current market price of its shares. Additionally, its Return on Equity (ROE) is 2.34%, which measures the company’s profitability by assessing how much profit it has earned on its shareholders’ equity over a certain period of time.
Summary
Sixth Street Specialty Lending (TSLX) has recently outperformed in the market, offering investors an attractive 11.2% dividend yield. The company specializes in providing customized financing solutions to various businesses, and has a diversified portfolio with a wide range of industries, including healthcare, technology, media, and communications. TSLX has a strong track record of delivering consistent returns with attractive risk-adjusted returns, making it an attractive option for investors. TSLX’s portfolio is highly liquid and diversified, providing increased stability to investors and a low correlation with the broader market.
TSLX’s management has also adopted a disciplined approach to capital allocation and risk management, providing investors with greater confidence in the company’s future performance. As such, TSLX continues to be an attractive investment option for those looking for strong yield and diversification.
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