Investing in Sixth Street Specialty Lending Inc. (TSLX): What You Must Know


In a filing, Sixth Street Specialty Lending Inc. revealed its Chief Compliance Officer Brett Anton acquired Company’s shares for reported $9622.0 on Aug 18. In the deal valued at $19.25 per share,500 shares were bought. As a result of this transaction, Brett Anton now holds 500 shares worth roughly $ 9185.0.

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Then, Pluss Steven bought 10,000 shares, generating $190,379 in total proceeds. Upon buying the shares at $19.04, the Vice President now owns 36,500 shares.

Before that, Gordon Jennifer bought 2,500 shares. Sixth Street Specialty Lending Inc. shares valued at $49,781 were divested by the Vice President at a price of $19.91 per share. As a result of the transaction, Gordon Jennifer now holds 2,500 shares, worth roughly $45925.0.

Ladenburg Thalmann downgraded its Sixth Street Specialty Lending Inc. [TSLX] rating to a Neutral from a a Buy in a research note published on Friday. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Raymond James also remained covering TSLX and has increased its forecast on November 06, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating. Ladenburg Thalmann revised its rating on August 06, 2020. It rated TSLX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of TSLX

On Friday, Sixth Street Specialty Lending Inc. [NYSE:TSLX] saw its stock jump 0.82% to $18.37. On the same session, the stock had its day’s lowest price of $17.9275, but rose to a high of $18.5399. Over the last five days, the stock has gained 1.05%. Sixth Street Specialty Lending Inc. shares have fallen nearly -20.93% since the year began. Nevertheless, the stocks have fallen -17.93% over the past one year. While a 52-week high of $24.20 was reached on 01/12/22, a 52-week low of $16.02 was recorded on 10/03/22. SMA at 50 days reached $17.74, while 200 days put it at $20.42. A total of 0.82 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For TSLX Stock

The 24-hour chart illustrates a support level at 18.02, which if violated will result in even more drops to 17.67. On the upside, there is a resistance level at 18.63. A further resistance level may holdings at 18.89. The Relative Strength Index (RSI) on the 14-day chart is 63.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.14%. Stochastics %K at 85.53% indicates the stock is a selling.

How much short interest is there in Sixth Street Specialty Lending Inc.?

A steep rise in short interest was recorded in Sixth Street Specialty Lending Inc. stocks on Jul 14, 2022, dropping by 80000.0 shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.38 million shares. There was a decline of -6.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.77% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.59.

According to FactSet, Sixth Street Specialty Lending Inc.’s share price will average $21.05 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.63 percent from its previous closing price of $18.22. Analysts expect Sixth Street Specialty Lending Inc. stock to reach the higher price of $23.00, while the lowest price estimate is $19.00. However, 11 analysts have rated TSLX stock as a Buy in their predictions for 2022.


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