Sixth Street Specialty Lending (TSLX) Stock Forecast & Price Target

TSLX price $17.59 +0.27 +1.56%

Ticker
TSLX
Price
$17.59
Change
+0.27 +1.56%
Market cap ?
$1.68B
P/E ?
17.82
Forward P/E ?
10.12
Dividend yield ?
10.63%
Beta ?
0.66
Sector
Financial Services
Industry
Asset Management
Stocklytics score
45
Value
61
Quality
53
Growth
20

Stocklytics score rationale: value 61, quality 53, growth 20.

Financials

2016201720182019202020212022202320242025
175128000152463000177938000220480000235393000266266000187155000369801000359743000360208000

Sixth Street Specialty Lending, Inc. (TSLX) functions as a specialized Business Development Company. It provides a wide array of financing solutions, including various forms of debt such as senior secured loans (encompassing first-lien, second-lien, and unitranche facilities), unsecured loans, and mezzanine debt. The firm also strategically allocates capital to corporate bonds, equity securities, structured…

Fair value

TSLX fair value $16.91. Price $17.59. Price is about fair value.

Above fair value, and more expensive than usual. A larger premium than on 91% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 155.83M. Growth 7.03%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 95.34M. Net debt 1.74B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare TSLX

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-03—0.44—97.59M
2026-08-040.430.4297.80M95.28M
2026-05-050.420.4993.40M103.14M
2026-02-120.520.50108.20M104.37M
2025-11-040.530.5281.14M107.11M
2025-07-300.560.53112.46M108.35M
2025-04-300.580.56113.92M116.70M
2025-02-130.610.57122.33M119.06M
2024-11-050.570.58109.02M117.64M
2024-07-310.580.58113.11M119.78M
2024-05-010.580.5963.31M112.94M
2024-02-150.620.58111.27M113.57M
2023-11-020.600.57112.40M109.75M
2023-08-030.590.5565.14M102.10M
2023-05-080.550.5463.95M93.28M
2023-02-160.640.5758.18M94.48M
2022-11-010.470.4942.08M76.75M
2022-08-020.510.48-7.79M68.88M
2022-05-030.490.5044.02M69.82M
2022-02-170.630.5244.95M69.39M
2021-11-020.550.5057.92M69.19M
2021-08-030.460.5061.19M62.83M
2021-05-040.530.4959.90M63.93M
2021-02-170.500.5057.10M135.18B
2020-11-040.610.4586.70M52.65B
2020-08-040.590.59101.32M59.52M
2020-05-050.510.51-46.77M63.67M
2020-02-190.510.4736.03M61.31M
2019-11-050.550.4837.63M61.13M
2019-07-310.470.4654.75M62.43M
2019-05-020.410.4544.28M58.89M
2019-02-200.670.5224.11M59.12M
2018-11-060.500.4941.70M61.74M
2018-08-010.560.4737.48M55.73M
2018-05-030.510.4638.08M52.11M
2018-02-210.450.4533.17M48.83M
2017-11-070.510.4328.08M44.10M
2017-08-020.570.4635.88M47.47M
2017-05-030.480.4431.72M46.70M
2017-02-220.470.4438.06M46.54M

Dividends

Yield 10.23%. Payout ratio 1.77%. Frequency Quarterly.

Safety score 60/100 · Moderate. Payout ratio is 2% of earnings. Dividends are larger than free cash flow. Dividends were paid in 13 separate years. Yield is 10.2%, high enough that the payout may be hard to keep.

Ex-dateDividendRecordPaymentFrequency
2026-09-15$0.422026-09-152026-09-30Quarterly
2026-06-15$0.422026-06-152026-06-30Quarterly
2026-03-16$0.462026-03-162026-03-31Quarterly
2026-02-27$0.012026-02-272026-03-20Special
2025-12-15$0.462025-12-152025-12-31Quarterly
2025-11-28$0.032025-11-282025-12-19Special
2025-09-15$0.462025-09-152025-09-30Quarterly
2025-08-29$0.052025-08-292025-09-19Special
2025-06-16$0.462025-06-162025-06-30Quarterly
2025-05-30$0.062025-05-302025-06-20Special
2025-03-14$0.462025-03-142025-03-31Quarterly
2025-02-28$0.072025-02-282025-03-20Special
2024-12-16$0.462024-12-162024-12-31Quarterly
2024-11-29$0.052024-11-292024-12-20Special
2024-09-16$0.462024-09-162024-09-30Quarterly
2024-08-30$0.062024-08-302024-09-20Special
2024-06-14$0.462024-06-142024-06-28Quarterly
2024-05-31$0.062024-05-312024-06-20Special
2024-03-14$0.462024-03-152024-03-28Monthly
2024-02-28$0.082024-02-292024-03-20Special
2023-12-14$0.462023-12-152023-12-29Quarterly
2023-11-29$0.072023-11-302023-12-20Special
2023-09-14$0.462023-09-152023-09-29Quarterly
2023-08-30$0.062023-08-312023-09-20Special
2023-06-14$0.462023-06-152023-06-30Quarterly
2023-05-30$0.042023-05-312023-06-20Special
2023-03-14$0.462023-03-152023-03-31Quarterly
2023-02-27$0.092023-02-282023-03-20Special
2022-12-14$0.452022-12-152022-12-30Quarterly
2022-09-14$0.422022-09-152022-09-30Quarterly
2022-06-14$0.412022-06-152022-07-15Quarterly
2022-05-27$0.042022-05-312022-06-30Special
2022-03-14$0.412022-03-152022-04-18Quarterly
2022-02-25$0.112022-02-282022-03-31Special
2021-12-14$0.412021-12-152022-01-14Quarterly
2021-12-06$0.502021-12-072021-12-20Special
2021-11-29$0.072021-11-302021-12-31Special
2021-09-14$0.412021-09-152021-10-15Quarterly
2021-08-30$0.022021-08-312021-09-30Special
2021-06-14$0.412021-06-152021-07-15Quarterly
2021-05-27$0.062021-05-282021-06-30Special
2021-03-24$1.252021-03-252021-04-08Special
2021-03-12$0.412021-03-152021-04-15Quarterly
2021-02-25$0.052021-02-262021-03-31Special
2020-12-14$0.412020-12-152021-01-15Quarterly
2020-11-27$0.102020-11-302020-12-31Special
2020-09-14$0.412020-09-152020-10-15Semi-Annual
2020-06-12$0.662020-06-152020-07-15Special
2020-04-14$0.252020-04-152020-04-30Special
2020-03-12$0.412020-03-132020-04-15Quarterly
2020-02-27$0.062020-02-282020-03-31Special
2019-12-12$0.392019-12-132020-01-15Quarterly
2019-11-27$0.082019-11-292019-12-31Special
2019-09-12$0.392019-09-132019-10-15Quarterly
2019-08-29$0.042019-08-302019-09-30Special
2019-06-13$0.392019-06-142019-07-15Quarterly
2019-05-30$0.012019-05-312019-06-28Special
2019-03-14$0.392019-03-152019-04-15Quarterly
2019-02-27$0.122019-02-282019-03-29Special
2018-12-13$0.392018-12-142019-01-15Quarterly
2018-11-29$0.052018-11-302018-12-31Special
2018-09-13$0.392018-09-142018-10-15Quarterly
2018-08-30$0.082018-08-312018-09-28Special
2018-06-14$0.392018-06-152018-07-13Quarterly
2018-05-30$0.062018-05-312018-06-29Special
2018-03-14$0.392018-03-152018-04-13Quarterly
2018-02-27$0.032018-02-282018-03-30Special
2017-12-14$0.392017-12-152018-01-12Quarterly
2017-11-29$0.062017-11-302017-12-29Special
2017-09-14$0.392017-09-152017-10-13Quarterly
2017-08-29$0.092017-08-312017-09-29Special
2017-06-13$0.392017-06-152017-07-14Quarterly
2017-05-26$0.042017-05-312017-06-30Special
2017-04-05$0.392017-04-072017-04-28Irregular
2016-12-28$0.392016-12-312017-01-31Quarterly
2016-09-28$0.392016-09-302016-10-31Quarterly
2016-06-28$0.392016-06-302016-07-29Quarterly
2016-03-29$0.392016-03-312016-04-29Quarterly
2015-12-29$0.392015-12-312016-01-29Quarterly
2015-09-28$0.392015-09-302015-10-31Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-05-28Stanley Robert J.Buy20.00K$0.01200
2026-05-11Bruck Ross AnthonyBuy8.00K$17.76142.08K
2026-03-06Covington P EmeryBuy7.50K$18.35137.62K
2026-03-06Waxman AlanBuy200.00K$18.423.68M
2026-03-05Waxman AlanBuy100.00K$18.461.85M
2026-03-02Stiepleman DavidBuy20.20K$17.65356.53K
2026-03-02Peck JoshuaBuy2.84K$17.5949.96K
2026-02-27Pluss StevenBuy15.00K$17.72265.80K
2026-02-26Graf MichaelBuy1.00K$18.2618.26K
2026-02-12Bruck Ross AnthonyOther0——
2025-11-18Stanley Robert J.Buy10.00K$20.85208.50K
2025-06-30Hershey John D.Other0——
2025-06-30Hershey John D.Other0——
2024-11-20Graf MichaelBuy1.00K$20.5320.53K
2024-08-07Graf MichaelBuy500$20.4510.22K
2024-08-05Slotkin Judy SBuy7.01K$19.90139.60K
2024-05-21Covington P EmeryBuy7.50K$21.50161.28K
2023-07-10Covington P EmeryOther0——
2023-03-13Doddy HurleyBuy2.90K$17.5150.78K
2023-03-10Graf MichaelBuy1.50K$17.5526.32K
2023-03-09Graf MichaelBuy2.00K$18.5537.10K
2022-08-18Brett AntonBuy500$19.259.62K
2022-08-08Pluss StevenBuy10.00K$19.04190.38K
2022-08-05Simmonds IanBuy500$18.899.44K
2022-06-30Peck JoshuaSell0——
2022-06-30Brett AntonSell0——
2022-05-24Gordon JenniferBuy2.50K$19.9149.78K
2022-05-09Simmonds IanBuy500$20.9910.50K
2022-03-08Slotkin Judy SBuy850$23.1319.66K
2022-03-07HIGGINBOTHAM RICHARD ABuy2.00K$22.8245.64K
2021-06-22Sixth Street Partners Management Company, L.P.Other484.70K——
2021-05-11HIGGINBOTHAM RICHARD ABuy5.00K$21.88109.42K
2021-03-09Easterly JoshuaBuy8.36K$21.55180.18K
2021-02-26Easterly JoshuaBuy686$21.3414.65K
2021-02-25Ross JohnBuy4.00K$21.7286.88K
2021-02-23Ross JohnBuy1.00K$21.3821.38K
2020-08-25Doddy HurleyBuy1.50K$17.8126.71K
2020-08-11Slotkin Judy SBuy7.50K$18.46138.44K
2020-08-10Ross JohnBuy3.30K$18.6061.35K
2020-07-29Doddy HurleyBuy2.00K$17.0534.10K
2020-04-23Doddy HurleyBuy500$15.007.50K
2020-03-12Doddy HurleyBuy250$16.134.03K
2020-03-12Pluss StevenBuy15.00K$17.36260.47K
2020-03-12Burke Kenneth JosephBuy1.00K$17.3117.31K
2020-03-11Ross JohnBuy1.12K$19.2221.60K
2020-03-10Ross JohnBuy2.88K$19.5756.28K
2020-03-02Stanley Robert J.Buy11.00K$21.53236.83K
2019-09-11Slotkin Judy SOther0——
2019-08-15Doddy HurleyBuy2.50K$20.2550.62K
2019-05-10Doddy HurleyBuy1.10K$19.8121.79K
2019-05-10Doddy HurleyBuy1.00K$19.8019.80K
2019-01-31Burke Kenneth JosephSell0——
2019-01-31Burke Kenneth JosephOther0——
2019-01-31Doddy HurleySell0——
2018-08-24HIGGINBOTHAM RICHARD ABuy2.00K$19.7339.46K
2018-03-23Tanemura RonaldBuy30.00K$17.45523.50K
2018-03-06Ross JohnBuy5.00K$18.4092.00K
2018-03-01Simmonds IanBuy175$18.163.18K
2018-03-01Easterly JoshuaBuy1.12K$18.2820.47K
2018-03-01Stanley Robert J.Buy1.12K$18.2820.46K
2018-03-01Waxman AlanBuy1.12K$18.2820.46K
2018-02-28HIGGINBOTHAM RICHARD ABuy10.00K$18.32183.16K
2017-03-02Easterly JoshuaBuy1.40K$19.4427.20K
2016-11-21Waxman AlanBuy230$18.394.22K
2016-11-21Easterly JoshuaBuy230$18.394.22K
2016-11-14Stiepleman DavidBuy5.54K$17.9999.56K
2016-08-15Simmonds IanBuy2.15K$18.1539.03K
2016-08-03Steiglehner Thomas J.Other0——
2016-08-03Steiglehner Thomas J.Sell0——
2016-08-03Hamrah CraigOther0——
2016-05-10HIGGINBOTHAM RICHARD ABuy10.00K$16.19161.89K
2016-05-04Stanley Robert J.Other0——
2016-03-08Tanemura RonaldBuy10.00K$15.95159.50K
2016-03-03Tanemura RonaldBuy15.22K$16.42249.99K
2016-03-03Easterly JoshuaBuy6.50K$16.00104.00K
2015-11-30Simmonds IanSell0——
2015-11-24Tanemura RonaldBuy200$17.003.40K
2015-11-18OLLWERTHER ROBERT DBuy1.50K$17.5026.25K
2015-11-13Pluss StevenBuy11.50K$17.48201.02K
2015-11-13Pluss StevenBuy11.50K$17.48201.02K
2015-11-09Easterly JoshuaBuy5.76K$17.3699.94K
2015-10-02Graf MichaelSell0——
2015-05-21Stiepleman DavidBuy2.75K$18.2149.99K
2015-05-21Kirshenbaum AlanBuy4.18K$18.2176.12K
2015-02-20Gordon JenniferSell0——
2014-11-12Easterly JoshuaBuy4.50K$17.5278.83K
2014-11-11Easterly JoshuaBuy3.00K$17.8753.61K
2014-11-10Easterly JoshuaBuy1.43K$17.6025.17K
2014-11-07OLLWERTHER ROBERT DBuy8.00K$17.68141.42K
2014-11-07Easterly JoshuaBuy2.00K$17.6935.38K
2014-10-15Stiepleman DavidBuy0$15.665
2014-10-15Kirshenbaum AlanBuy0$15.667
2014-10-15Fishman MichaelBuy4$15.6661
2014-10-15Easterly JoshuaBuy1$15.6612
2014-10-15Waxman AlanBuy15$15.66234
2014-08-11MSSB TPG Specialty Lending Onshore Feeder FundSell2.59M$18.0746.86M
2014-05-06OLLWERTHER ROBERT DSell0——
2014-03-26Fishman MichaelBuy2.53K$16.0040.45K
2014-03-26Waxman AlanBuy9.69K$16.00154.97K
2014-03-26Tanemura RonaldBuy5.60K$16.0089.60K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 250, holders -21 vs prior quarter. Ownership 54.96%.

HolderSharesChangeChange %Value
STRS OHIO6.03M1.68M+38.68%103.52M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.2.71M00.00%46.60M
SOUND INCOME STRATEGIES, LLC2.71M135.24K+5.26%46.47M
PROGENY 3, INC.2.48M00.00%42.52M
UBS GROUP AG2.37M515.01K+27.71%40.75M
VAN ECK ASSOCIATES CORP2.37M519.46K+28.13%40.63M
OMERS ADMINISTRATION CORP2.01M50.51K+2.57%34.55M
ARES MANAGEMENT LLC1.40M50.00K+3.69%24.12M
ALLEN INVESTMENT MANAGEMENT, LLC1.37M-27.02K-1.94%23.50M
WELLS FARGO & COMPANY/MN1.32M-22.53K-1.68%22.60M
CERITY PARTNERS LLC1.21M71.72K+6.31%20.74M
CALLODINE CAPITAL MANAGEMENT, LP1.18M46.56K+4.12%20.19M
MUZINICH & CO., INC.1.08M28.23K+2.70%18.46M
MORGAN STANLEY1.07M-258.04K-19.44%18.36M
RIVERNORTH CAPITAL MANAGEMENT, LLC969.60K678.65K+233.25%16.65M
ADVISORS CAPITAL MANAGEMENT, LLC864.11K78.62K+10.01%14.84M
TECTONIC ADVISORS LLC845.20K117.10K+16.08%14.51M
SUMITOMO MITSUI TRUST GROUP, INC.792.45K22.28K+2.89%13.61M
LSV ASSET MANAGEMENT789.10K-12-0.00%13.55M
LEGAL & GENERAL GROUP PLC787.79K55.15K+7.53%13.53M
BANK OF AMERICA CORP /DE/764.47K28.75K+3.91%13.13M
RAYMOND JAMES FINANCIAL INC736.81K-181.76K-19.79%12.65M
FRANKLIN TEMPLETON INC719.71K109.70K+17.98%12.36M
SCS CAPITAL MANAGEMENT LLC692.20K25.82K+3.87%11.89M
PATHSTONE HOLDINGS, LLC672.16K229.26K+51.76%11.54M

Forecast

Consensus Buy from 11 analysts. Average price target $20.00, +13.7% versus the current price. Low $20.00. High $20.00.

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Analysts have an average 12-month price target of $20.00 for Sixth Street Specialty Lending (TSLX), 13.7% above the current price of $17.59. Of 11 analysts covering the stock, 10 rate it Buy or Strong Buy, 1 Hold, and 0 Sell or Strong Sell, giving a consensus of Buy.

Forecasts are third-party estimates and often wrong. They are not investment advice.

TSLX price target

12-month price target
Low$20.00
Average$20.00
High$20.00

The average is 13.7% above the current price of $17.59.

Is Sixth Street Specialty Lending a buy or sell?

Of 11 analysts, 10 rate Sixth Street Specialty Lending Buy or Strong Buy, 1 Hold, and 0 Sell or Strong Sell. The consensus label is Buy. That split is not a recommendation.

Sixth Street Specialty Lending earnings and revenue forecast

Analyst averages on file: 2026, EPS $1.74, revenue $387.75 million. 2027, EPS $1.84, revenue $405.40 million.

TSLX score and fair value

The Stocklytics Score for TSLX is 45 out of 100. It averages value, quality, and growth against a large-cap US universe. It is not a price target and not a buy or sell rating. Fair value is a separate estimate on the fair value tab.

TSLX forecast FAQs

What is the TSLX price target?

$20.00 average, with a published range of $20.00 to $20.00.

Is Sixth Street Specialty Lending a buy or sell?

The consensus is Buy from 11 analysts. This is not a recommendation.

What is the Sixth Street Specialty Lending stock forecast for 2026?

Analysts' average EPS estimate for 2026 on file is $1.74. The average revenue estimate is $387.75 million.

What will TSLX be worth in 2030?

No reliable forecast exists that far out.

When is Sixth Street Specialty Lending's next earnings report?

The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.

Capital is at risk. Stocklytics is operated by Stocklytics Inc., a Marshall Islands company. It is not regulated by the FCA and does not give investment advice.

Sixth Street Specialty Lending (TSLX) Stock Forecast & Price Target

TSLX$17.59+0.27 +1.56%

$1.68B

Market Cap

17.82

P/E

10.12

Forward P/E

45

Score

Price History