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Fri, 15 Jan 2021
21:05:00 +0000
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Fourth Quarter and Fiscal Year Ended December 31, 2020 Financial Results
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) ("TSLX" or "the Company") announced today that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2020 on Wednesday, February 17, 2021, after the market closes. TSLX invites all interested persons to its webcast / conference call on Thursday, February 18, 2021 at 8:30 a.m. Eastern Time to discuss its fourth quarter and fiscal year ended December 31, 2020 financial results.
Wed, 13 Jan 2021
12:59:12 +0000
LendingTree (TREE) Updates Q4 Guidance on Stellar Performance
LendingTree (TREE) updates fourth-quarter 2020 guidance on outperformance recorded by all segments.
Fri, 11 Dec 2020
18:15:38 +0000
Is TSLX A Good Stock To Buy Now?
In this article we will check out the progression of hedge fund sentiment towards Sixth Street Specialty Lending Inc (NYSE:TSLX) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their […]
Wed, 25 Nov 2020
13:22:29 +0000
4 Big Dividends to Be Thankful For
Big dividends. And I mean really big dividends. Yields that are multiples of the average of the members of the S&P 500 Index. But big dividends are worthless if the companies behind them aren’t up to sustaining them, or if the dividend stocks aren’t working in the market. A dividend yield won’t be worth much to anything on dividend stocks that are lagging or tanking. Investing for dividend income takes work researching companies — both their income statements and their balance sheets. As a former banker and bond guy — I have always been about balance sheets as just as important as income statements. Income statements cover the revenues from products and services, and investors get all excited about growth expectations. But for me, it also comes down to operating margins. Sales are great, but not if a company loses more than what they generate in revenue. And of course, problems will happen. So, I look at what will happen to either impact sales or costs. And in turn, I work through how the company has or will cope.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Balance sheets are crucial, as without credit, even the best product idea won’t make for a great company that’s headed into receivership. And earlier this year with the Covid-19 mess including lockdowns, the status of companies — including their operations, their suppliers and customers — was critical to analyze. But so, too, was the debt and credit of the companies, so that they could power through even the worst parts of the Biblical plagues that might be striking their core businesses. 10 Best Stocks to Buy for Investors Under 30 The following big dividend stocks have been vetted by me and I’ve been recommending them for some time. And that time includes both good and bad conditions — so the dividends are sustainable. AllianceBernstein (NYSE:AB) Compass Diversified (NYSE:CODI) Hercules Capital (NYSE:HTGC) Sixth Street Specialty Lending (NYSE:TSLX) Dividend Stocks: AllianceBernstein (AB) AllianceBernstein is an asset management company that is set up as a passthrough. This means that it avoids general corporate income taxes and dividends can come with some tax advantages. Asset managers are all about getting and keeping assets under management (AUM). AUM is what generates fee income — so the more they have, the more fee income they get. AUM keeps rising for AllianceBernstein, with the average for the trailing five years alone running at 6.51% on a compound annual growth rate (CAGR) basis. This fuels dependable revenue from fee income. And this fuels the dividend, which is yielding 8.58%. And over the same trailing five years — the dividend distributions have been hiked by an annual average of 7.96%. And it has great credit and fiscal management. Source: AllianceBernstein (AB) Total Return — Source: Bloomberg The stock isn’t just about the dividend, as the price has also reflected the growth in the value of the company. Over the past five years it has returned 95.8% for an annual equivalent of 14.37% which is above the return for the S&P 500 Index. Compass Diversified (CODI) Compass Diversified is an investment holding company under the Investment Company Act of 1940, and as such, it again avoids general corporate income taxes. It buys, owns and occasionally sells middle-market companies that are in strongly branded industrial and very-specialized consumer/professional products. One of the companies in the portfolio is Foam Fabricators which makes specialized foam for shipments of goods. And the company is part of the Covid-19 Warp Speed project as the provider for packaging for vaccines. 7 Upcoming IPOs to Watch Heading Into 2021 Revenue continues to flow, with gains that over the past five years has been climbing by an average of 16.89% annually (CAGR). And the company has lots of cash and very little debt. And the stock trades at a discount to trailing sales by 20%. Source: Compass Diversified (CODI) Total Return — Source: Bloomberg The stock performs with a return over the past five years of 83.78% for an annual equivalent of 12.93%. This means growth with that dividend. And the dividend yields a nice 7.32%. Hercules Capital (HTGC) Hercules Capita is a venture capital company set up as a business development company (BDC) under both the Investment Company Act of 1940 and the Small Business Investment Incentives Act of 1980. This means that it also avoids general corporate income taxes. It funds technology companies in various stages of development and works with them on development on their way to their exit strategies that might include a sale or initial public offering (IPO). And its track record has plenty of bold-faced named companies that are not titans of tech. Its portfolio generates high income from finance and equity gains from transactions. And the stock has returned 95.70% over the trailing five years for an annual equivalent of 14.35%. Source: Hercules Capital (HTGC) Total Return — Source: Bloomberg Controlled debt and huge net interest margins along with a phenomenal efficiency ratio for a financial (meaning that it costs a fraction to make each dollar of revenue) all work to make a compelling well-run company. The dividend yields 11.34% on an annual basis including regular special dividends. And those distributions keep rising over the years. Tech with income and growth makes Hercules one of the great dividend stocks right now. Sixth Street Specialty Lending (TSLX) Sixth Street Specialty Lending is another company set up as a BDC with the advantage of avoiding general corporate income taxes. It is very skilled at providing business and corporate financing to well-qualified companies in targeted businesses and markets. Like for Hercules, it has ample net interest margin (the difference between financial costs and revenue running at 9.9%. And it also is very efficient on costs with an efficiency ratio of 14.90% which means that it only costs 14.9 cents to make each dollar in revenue. Debts are low and well-managed making for good credit. And the stock performs not just with dividends but also with gains. It has returned 96.16% over the past five years alone for an annual equivalent of 14.41%. Source: Sixth Street Specialty Lending (TSLX) Total Return — Source: Bloomberg And the dividend yields an impressive annual rate of 10.88% including regular special dividend distributions. And with potential changes in traditional bank regulations over the coming years, it is an under-the-radar company that avoids traditional regulatory scrutiny given how it is incorporated. 7 Value Stocks That May Come Back into Style After the Pandemic Big yield, stock gains — another proven big dividend stock to be thankful for and to buy now. About Neil George: On the date of publication, Neil George did not hold (either directly or indirectly) any positions in the securities mentioned in this article.  As the editor of Profitable Investing, Neil George helps long-term investors achieve their growth & income goals with less risk. With 30+ years of experience in the financial markets, Neil recommends undiscovered and underappreciated companies that offer subscribers double-digit yields now and triple-digit returns over time.   More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post 4 Big Dividends to Be Thankful For appeared first on InvestorPlace.
Wed, 04 Nov 2020
23:35:11 +0000
Sixth Street (TSLX) Beats Q3 Earnings and Revenue Estimates
Sixth St (TSLX) delivered earnings and revenue surprises of 35.56% and 22.90%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Wed, 04 Nov 2020
21:16:00 +0000
Sixth Street Specialty Lending, Inc. Reports Third Quarter 2020 Earnings Results; Declares Fourth Quarter Base Dividend Per Share of $0.41 and Third Quarter Supplemental Dividend Per Share of $0.10
Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported financial results for the third quarter ended September 30, 2020. Please view a printable version of the 2020 Third Quarter Results.
Wed, 28 Oct 2020
16:32:04 +0000
Sixth Street (TSLX) Expected to Beat Earnings Estimates: Should You Buy?
Sixth St (TSLX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wed, 14 Oct 2020
21:10:00 +0000
Sixth Street Specialty Lending, Inc. Provides Dividend Payment Notification
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) ("TSLX" or "the Company") announced today that due to a technical error by its dividend reinvestment plan administrator, all shareholders will receive their dividend for the October 15, 2020 payment date in cash, rather than only those who have elected to "opt out" of the dividend investment plan. The record date for this dividend, which was September 15, 2020, and the payment date remain unchanged.
Fri, 09 Oct 2020
16:49:43 +0000
3 “Strong Buy” Dividend Stocks Yielding Over 9%
If the stock market’s ups and downs this year have taught us any enduring lesson, it’s a repeat of an old stand-by: the importance of setting up a steady income stream, to keep the portfolio profitable no matter how the individual shares move. Dividends are a key part of any investment income strategy, giving investors a reliable income when it’s needed most.All dividends are not created equal, however. Investors should seek out companies with one of two advantage – or preferably both: a commitment to maintaining the dividend, and a high yield. The second is not hard to find, considering the Federal Reserve’s policy of keeping interest rates near zero, while the first attribute may take some research.With all of that in mind, we’ve opened up the Stock Screener tool from TipRanks, a company that tracks and measures the performance of analysts, to find stocks with high dividend yields. Setting the screener filters to show stocks with "strong buy" consensus rating and a high dividend yields exceeding 9% gave us a manageable list of stocks. We’ve picked three to focus on.New Mountain Finance Corporation (NMFC)The first stock on the list is New Mountain Finance, in the business development niche. New Mountain invests in debt securities, including first and second lien notes and mezzanine securities. The Company's portfolio includes public and private equity and credit funds with a total worth well north of $28 billion.The company reported 30 cents per share in net investment income for the second quarter, down 4 cents sequentially. At the top line, revenues came in at $76 million, a healthy turnaround from the first quarter revenue loss of $174 million. As far as the data can show, New Mountain has turned around from the coronavirus losses incurred early in the year.New Mountain kept its dividend payment stable in the second quarter, at 30 cents per common share. At the current level, the $1.20 annualized payout gives a high yield of 11.5%.Wells Fargo analyst Finian O’Shea is comfortable with NMFC’s dividend policy, writing, “Having reduced its $0.34 dividend to $0.30 last quarter, coverage appears solid after the BDC has sustained its impact from nonaccruals, de-leveraging and LIBOR…”O’Shea believes NMFC shares have room to rise, noting: "NMFC trades at 0.82x, about in-line with the WFBDC Index despite its history of top-quartile returns, improved leverage profile and portfolio level performance so far through today’s recessionary environment."To this end, O’Shea rates NMFC an Overweight (i.e. Buy), and his $11.25 price target suggests it has a nearly 14% upside potential for the coming year. (To watch O’Shea’s track record, click here)Overall, the Wall Street consensus on NMFC is a Strong Buy, based on 4 reviews including 3 Buys and 1 Hold. The shares are selling for $9.88, and the average price target of $10.92 implies a one-year upside of 11% for the stock. (See NMFC stock analysis on TipRanks)Plains GP Holdings (PAGP)Next on our list, Plains GP, is a holding company in the oil and gas midstream sector. Plains’ assets move oil and gas products from the well heads to the storage facilities, refineries, and transport hubs. The company’s operations move more than 6 million barrels of oil equivalent daily, in a network extending to the Texas oil patch and the Gulf Coast. Plains also has assets in California and the Appalachian natural gas fields.The crisis in the first half of this year put heavy pressure on Plains’ revenue and earnings. By Q2, revenue was down by two-thirds, to $3.2 billion, and EPS had fallen to just 9 cents. As part of its response, Plains slashed its dividend by half – from 36 cents per common share to 18 cents. The cut was made to keep the dividend within the distributable cash flow, affordable for the company – and kept up for shareholders. Looking at numbers, PAGP's dividend payment offers investors a yield of 11.7%, almost 6x higher than the average yield among S&P 500-listed companies.Tristan Richardson, covering the stock for Truist, sees Plains in a good spot at present. Noting the difficulties faced earlier in the year, he writes, “Despite cautious notes on recovery and general industry commentary that reflects the tepid growth environment, Plains remains among best positioned, in our view, amongst volumetrically sensitive business as a dominant Permian operator… We believe the units/shares should find some support over the near term on … the inflection to positive free cash flow and gradual de-levering.”Richardson gives this stock a Buy rating and $12 price target, indicating an impressive potential upside of 80% for the next 12 months. (To watch Richardson’s track record, click here)The Strong Buy analyst consensus rating on PAGP is unanimous, based on 5 recent reviews, all Buys. The stock has an average price target of $11, implying an upside of 65% from the current share price of $6.82. (See PAGP stock analysis on TipRanks)Sixth Street Specialty Lending (TSLX)The last company on our list recently underwent a name change; in June, it dropped its old name TPG in favor of Sixth Street. The ticker and stock history remain the same, however, so the difference for investors is in the letterhead. Sixth Street continues the core business of providing credit and capital for mid-market companies, helping to fund America’s small and medium enterprise niche.The economic difficulties of the corona crisis were easily visible in this company’s top line. Revenue was negative in Q1, due to a curtailment in loan collections and reduction in interest income, although earnings remained positive. In Q2, EPS rose to 59 cents per share, meeting the forecast, and revenues returned to positive numbers, at $103 million.Sixth Street adjusted its dividend during the crisis, but that move did not raise any eyebrows. The company has a long history of dividend payment adjustments, regularly making changes to the common stock dividend in order to keep it in line with earnings, and giving supplemental dividends when possible. The current regular payment is set at 41 cents, annualizing to $1.64, and giving a strong yield of 9.45%.JMP analyst Christopher York believes that Sixth Street has as solid position in its niche, noting, “…we think the company has historically proven, and subsequently earned investor trust and credibility to underwrite and structure complex and special situation investments to achieve attractive risk-adjusted returns.”Regarding the dividend, York is optimistic about the future, writing, “[The] supplemental dividend is likely to return following two quarters of no distributions as a result of the mechanics of the supplemental dividend framework…”In line with his positive outlook for the company, York rates the stock as Outperform (i.e. Buy), and his $20 price target indicates confidence in a 15% upside potential. (To watch York’s track record, click here)This stock has another unanimous Strong Buy consensus rating, with 5 recent Buy reviews. The stock’s current share price is $17.33 and the average price target of $19.30 suggests it has room for 11% share price growth ahead of it. (See TSLX stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Fri, 02 Oct 2020
20:05:00 +0000
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Third Quarter Ended September 30, 2020 Financial Results
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) ("TSLX" or "the Company") announced today that it will release its financial results for the third quarter ended September 30, 2020 on Wednesday, November 4, 2020, after the market closes. TSLX invites all interested persons to its webcast / conference call on Thursday, November 5, 2020 at 8:30 a.m. Eastern Time to discuss its third quarter ended September 30, 2020 financial results.
Tue, 04 Aug 2020
20:12:00 +0000
Sixth Street Specialty Lending, Inc. Reports Second Quarter 2020 Earnings Results; Declares Third Quarter Base Dividend Per Share of $0.41
Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported financial results for the second quarter ended June 30, 2020. Please view a printable version of the 2020 Second Quarter Results.
Thu, 23 Jul 2020
10:00:00 +0000
Sixth Street Specialty Lending, Inc. Provides a Business Update and Preliminary Q2 2020 Financial Results
Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today sent the following letter to its stakeholders to provide a business update and preliminary Q2 2020 financial results.
Fri, 10 Jul 2020
15:13:02 +0000
Stay Invested in eBay to Benefit From its Growth
The disruptive power of e-commerce has propelled to new heights since the start of the pandemic. E-commerce giants like eBay (NASDAQ:EBAY) and eBay stock have experienced a boom this quarter. Growth is estimated to be between 23% and 26% higher in a year-over-year comparison. In April and May 2020, the online marketplace saw 6 million new buyers on its platform.Source: ShutterStockStudio / The growth in eBay's e-commerce numbers is a testament to the shift in consumers' buying habits. The company's stock price rallied at an all-time high this month and is trending around $58. This latest bump in online spending comes after the shutdown of brick and mortar stores was extended in many states.Although the novel coronavirus pandemic had an immediate impact on buying habits, data shows growth will endure. With double-digit sales volumes and talks of a potential sale of its classifieds unit, eBay is well poised to benefit.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Talks Of Classifieds Unit Sale Bump eBayShares of eBay stock hit a new high on July 1 as the company made progress in the highly anticipated sale of its classifieds business. The sale, estimated to have a price tag of $8 billion, sent stock prices soaring to a record $53.43. While there is no conclusion on the date of the sale or the buyer, CNBC's David Faber says that the deal is expected to close by mid-July.Companies such as Adevinta (OL:ADEO), Prosus (OTCMKTS:PROSY), TPG (NYSE:TSLX) and The Blackstone Group (NYSE:BX) have placed bids to acquire this unit. The classified sale results from eBay's agreement with Elliot Management to restructure. As part of the deal, eBay will sell its external entities so it can focus on the e-commerce business.In February, eBay completed the sale of its online ticketing platform, StubHub for $4.05 billion in cash. The proceeds were used to improve shareholder value through issuing dividends, buybacks and margin improvements. If the sale goes through, investors can expect another boost in stock value.Although the spike in eBay stock price was short-lived when the value of the sale was announced, the company has put up some big numbers since the start of the year. The e-commerce veteran's stock price has increased more than 40% year-to-date. As brick and mortar businesses shuttered across the country, consumers have been flocking to companies like eBay and Amazon to meet their needs. E-commerce Boost Helps eBay StockA one-time internet darling, eBay lost its way in recent years after its inability to keep up with larger counterparts like Amazon (NASDAQ:AMZN)and Shopify (NYSE:SHOP). However, the Covid-19-induced online sales bump has been nothing but good news for the company. * The 7 Best Stocks to Invest in Right NowIn April, the company decided to capitalize on the momentum with the launch of the 'Up and Running' campaign. The goal was to bring small businesses without an online presence to the web. The company also pledged $100 million to support businesses in North America.The wake of the Covid-19 pandemic revealed nearly 60% of businesses don't have an online presence. Under its plan, eBay will provide tools and resources they would need to stay afloat. This would also allow eBay to regain its popularity among small businesses that were alienated by Amazon.The growing value of eBay stock also was aided by investors optimism in e-commerce stocks. While fallout from the Covid-19 pandemic diluted shareholder value in most industries, tech companies are in their heyday. Investors are piling up on tech stocks as eBay and Amazon hit new highs.However, eBay stock stands out from a sea of tech giants for its affordability. Companies like Microsoft (NASDAQ:MSFT) and Amazon have stock prices in the thousands, putting them out of reach of the average investor. Smaller companies like eBay, Shopify and Etsy (NASDAQ:ETSY) are rising favorites for their moderate prices. Bottom Line on eBay StockAs more people continue to shop online, there are large gains ahead for eBay. The company hopes to beat the markets with spectacular Q2 numbers and the sale of its classified unit will only push its stock price higher.Prior to the pandemic, eBay was losing its place in the e-commerce world to juggernauts like Amazon and Walmart (NYSE:WMT). However, the boost in e-commerce sales shifted the tide in its favor.With a strong demand driven by "better marketing efficiency, increased organic traffic and higher platform conversion" this fiscal year, eBay stock is a keeper for the long haul.Divya Premkumar has a finance degree from the University of Houston, Texas. She is a financial writer and analyst who has written stories on various financial topics from investing to personal finance. Divya has been writing for Investor Place since 2020. As of this writing, Divya Premkumar did not own any of the aforementioned stocks. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Stay Invested in eBay to Benefit From its Growth appeared first on InvestorPlace.
Thu, 02 Jul 2020
20:05:00 +0000
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2020 Financial Results
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) ("TSLX" or "the Company") announced today that it will release its financial results for the second quarter ended June 30, 2020 on Tuesday, August 4, 2020, after the market closes. TSLX invites all interested persons to its webcast / conference call on Wednesday, August 5, 2020 at 8:30 a.m. Eastern Time to discuss its second quarter ended June 30, 2020 financial results.
Mon, 29 Jun 2020
15:55:03 +0000
Is Sixth Street Specialty (TSLX) a Suitable Stock Now?
Let's see if Sixth Street Specialty (TSLX) stock is a good choice for value-oriented investors right now from multiple angles.
Tue, 23 Jun 2020
18:26:41 +0000
3 Big Dividend Stocks Yielding at Least 6%; SunTrust Says ‘Buy’
We’re in perplexing times. At this writing, the S&P 500 index stands at 3,153, just 7% below its all-time high. That high, reached back in February, came the day before the bottom fell out of the stock market, as the coronavirus crisis triggered the steepest, deepest – and fastest – stock market drop on record. “After a 40%-plus rebound in the S&P 500 since March, stocks became stretched to the upside and vulnerable to bad news,” SunTrust chief market strategist Keith Lerner noted. Lerner doesn’t see any pullback as a problem, however. Rather, he views it as a chance for investors to take advantage of lower points of entry, and realize strong gains as stock return to the upside.His colleagues at SunTrust agree, and have pointed out several stocks that are not just poised to make gains, but are also showing dividend yields in excess of 6%. It’s an unbeatable combination for income-minded investors: share appreciation and high-yielding dividend returns. We’ve pulled three of SunTrust’s stock recommendations from the TipRanks database, to find out what else makes them compelling buys.PennantPark Investment (PNNT)PennantPark is a business development company, with a diverse portfolio of senior debt, subordinated debt, and equity in middle market companies. PennantPark’s earnings were stable from Q4 through Q2, at 15 cents per share. Management, to keep the dividend stable, cut the payment back to 12 cents per share, effective with the July 1 payment. This gives an annualized payment of 48 cents, and an impressive yield of 13.9%. At current levels, this dividend payment is sustainable – and estimates for forward earnings are 16 cents per share in Q3.5-stars SunTrust analyst Mark Hughes has been impressed by PennantPark’s management and believes that the company's $3.40 share price presents a unique buying opportunity.Hughes notes that the company has adjusted its portfolio to mitigate risks during COVID-19, and that only 11% of the company’s investments are in high-risk categories. He writes, “While management has accepted lower yielding investments that are consistent with PNNT's lower risk mandate, we believe the BDC should be able to maintain an average 7.2% to 7.4% calculated portfolio yield through the end of F20…”To this end, Hughes rates PNNT a Buy along with a $4 price target, suggesting room for 18% upside growth this year. (To watch Hughes’ track record, click here)Overall, based on 2 Buy ratings and 1 Hold, the analyst consensus rates PNNT a Moderate Buy. Meanwhile, the average price target, which comes in at $4.33, implies shares could rise by 27% over the coming months. (See PNNT stock analysis on TipRanks)SL Green Realty Corporation (SLG)Real estate investment trusts are known for their high dividend yields. SL Green is able to base its operations in one of the most dynamic real estate markets in the world: New York City. The company owns over 40 properties in Manhattan, including such notable addresses as 100 Park Ave, 125 Park Ave, and One Vanderbilt Ave.With such strong properties in the portfolio, totaling over 14 million leasable square feet, it’s no wonder that SLG has remained profitable during the coronavirus era. The company saw earnings spike to $2.08 per share in Q1, more than enough to support the 29.5 cent monthly dividend payment. At $3.54 annually, this dividend gives a strong yield of 6.8%. Compared to the 2.16% average yield among peer companies in the financial sector, the attraction is obvious.The attraction is clear to SunTrust’s Ki Bin Kim, who writes, “We understand the risk inherent in a Manhattan landlord with relatively high financial leverage and ambitious development plans. That said, SLG is increasing already-substantial liquidity and we believe there is more potential upside in the stock as we look out 12 months beyond the pandemic than there is further downside. COVID-19 is a unique disruption, but we expect workers to eventually return to NYC office buildings…”As a result, Kim rates SLG a Buy alongside an $80 price target. This figure implies a powerful upside potential for the stock of 54% in the coming year. It’s a ringing endorsement of the recovering potential in NYC’s real estate market. (To watch Kim’s track record, click here)SunTrust takes a much more bullish position here than Wall Street generally. SLG has a Moderate Buy consensus rating, based on 3 Buys and 9 Holds. The average price target is $51.13, suggesting a 18.5% upside form the $51.87 share price. (See SLG stock analysis at TipRanks)TPG Specialty Lending (TSLX)Last up is TPG, a specialty finance company. TPG provides credit and capital access to middle market companies, offering financing and funding solutions for complex business models. It’s an important niche, as the mid-market is engine of American small business. .The coronavirus epidemic derailed TSLX in the first quarter, and the shares lost 48% in the February/March market slide. They have since rebounded, gaining 60% from their trough. In each case – the slide and the rebound, the stock showed greater movement than the broader markets.For Q1, TSLX reported 51 cents per share earnings, which was stable sequentially and in line with expectations. At that level, earnings are clearly enough to support the regular dividend, which was declared for Q2 at 41 cents per share base. The company has a history of also paying out special dividends when it is able. The current dividend yield is 9.56%, impressive by any standards.Mark Hughes, cited above, likes TSLX shares, and rates them a Buy. In his recent research note, Hughes noted, "We believe management continues to skillfully navigate an increasingly competitive market with widening lending spreads with its conservative originations approach, especially in a period where some of their portfolio companies could be severely impacted from the COVID-19 fallout… We are increasing our 2021 NII/share estimate to $1.86 from $1.67 contemplating higher portfolio yields despite a slightly smaller portfolio. We believe the yield forecast in particular has the potential for upside, due to the embedded call protection that is packaged in almost every loan…” (To watch Hughes’ track record, click here)All in all, Wall Street likes TSLX shares, as shown by the unanimous Strong Buy consensus rating, based on 7 Buys given in the last two months. Yet, shares are currently priced at $17.16, and the $17.43 average price target suggests a modest upside. (See TSLX stock-price forecast on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Fri, 05 Jun 2020
20:05:00 +0000
TPG Specialty Lending, Inc. Announces Corporate Name Change to Sixth Street Specialty Lending, Inc.
TPG Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today announced that it will change its name to Sixth Street Specialty Lending, Inc., effective June 15, 2020. The new name reflects the previously announced completion of an agreement between Sixth Street Partners ("Sixth Street") and TPG to become independent, unaffiliated businesses.
Fri, 15 May 2020
20:05:00 +0000
TPG Specialty Lending, Inc. Announces Change to Virtual Annual and Special Meeting of Stockholders
TPG Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today announced that due to the public health impact of COVID-19 and to support the health and well-being of all of the Company's stakeholders and their families, the Company’s previously announced Annual and Special Meeting of Stockholders (or "the Meetings") scheduled for Thursday, May 28, 2020 will be changed from in-person to a virtual-only format. The Meetings will still be held on May 28, 2020, with the Annual Meeting of Stockholders scheduled for 2:00 p.m. Eastern Time and the Special Meeting of Stockholders scheduled for 2:30 p.m. Eastern Time.
Thu, 07 May 2020
23:12:58 +0000
Edited Transcript of TSLX earnings conference call or presentation 6-May-20 12:30pm GMT
Q1 2020 TPG Specialty Lending Inc Earnings Call
Thu, 07 May 2020
01:00:51 +0000
TPG Specialty Lending Inc (TSLX) Q1 2020 Earnings Call Transcript
TSLX earnings call for the period ending March 31, 2020.

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