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Upturn AI SWOT - About
TSLX 
Sixth Street Specialty Lending Inc (TSLX)
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Upturn Advisory Summary
10/15/2025: TSLX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
11 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $24.4
1 Year Target Price $24.4
| 5 | Strong Buy |
| 5 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 18.46% | Avg. Invested days 48 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.01B USD | Price to earnings Ratio 10.59 | 1Y Target Price 24.4 |
Price to earnings Ratio 10.59 | 1Y Target Price 24.4 | ||
Volume (30-day avg) 11 | Beta 0.85 | 52 Weeks Range 17.79 - 24.65 | Updated Date 10/17/2025 |
52 Weeks Range 17.79 - 24.65 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 9.41% | Basic EPS (TTM) 2.01 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 39.56% | Operating Margin (TTM) 74.58% |
Management Effectiveness
Return on Assets (TTM) 6.77% | Return on Equity (TTM) 11.66% |
Valuation
Trailing PE 10.59 | Forward PE 11.29 | Enterprise Value 3728078592 | Price to Sales(TTM) 4.23 |
Enterprise Value 3728078592 | Price to Sales(TTM) 4.23 | ||
Enterprise Value to Revenue 15.84 | Enterprise Value to EBITDA - | Shares Outstanding 94240348 | Shares Floating - |
Shares Outstanding 94240348 | Shares Floating - | ||
Percent Insiders 0.45 | Percent Institutions 55.09 |
Upturn AI SWOT
Sixth Street Specialty Lending Inc
Company Overview
History and Background
Sixth Street Specialty Lending, Inc. (TSLX) was founded in 2011 and is a specialty finance company focused on lending to middle-market companies. The company is externally managed by Sixth Street Advisers, LLC, an affiliate of Sixth Street Partners.
Core Business Areas
- Direct Lending: TSLX primarily provides direct loans to middle-market companies for purposes such as acquisitions, growth capital, and recapitalizations. These loans are typically senior secured debt.
- Opportunistic Credit: TSLX also invests in opportunistic credit investments, including those in the secondary market.
Leadership and Structure
TSLX is externally managed by Sixth Street Advisers, LLC. Joshua Easterly serves as the CEO. The company has a board of directors responsible for oversight and governance.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: TSLX's primary offering is senior secured loans to middle-market companies. While precise market share data is not readily available, TSLX competes with other BDCs and private credit funds. Competitors include Ares Capital Corporation, Golub Capital BDC, and Main Street Capital. Revenue is directly related to the interest income generated from these loans.
- Opportunistic Credit Investments: TSLX also invests in a smaller portfolio of opportunistic credit investments. Market share data specific to this segment is not publicly available.
Market Dynamics
Industry Overview
The specialty finance industry, particularly direct lending, has grown significantly as banks have pulled back from lending to middle-market companies. This creates opportunities for BDCs like TSLX. The industry is sensitive to interest rate changes and economic conditions.
Positioning
TSLX positions itself as a provider of flexible capital solutions to middle-market companies. Its affiliation with Sixth Street Partners provides access to deal flow and expertise. Competitive advantages include its origination capabilities and risk management processes.
Total Addressable Market (TAM)
The total addressable market for private credit to middle-market companies is estimated to be in the hundreds of billions of dollars. TSLX, with its relatively smaller AUM, has a significant runway for growth. Exact TAM estimations vary based on market conditions and reports.
Upturn SWOT Analysis
Strengths
- Experienced management team through Sixth Street Advisers
- Strong origination capabilities
- Disciplined underwriting process
- Access to deal flow through Sixth Street Partners
- Focus on senior secured debt
Weaknesses
- External management structure can create conflicts of interest
- Reliance on Sixth Street Advisers
- Sensitivity to interest rate fluctuations
- Credit risk associated with middle-market lending
- Higher operating expenses compared to internally managed BDCs
Opportunities
- Growing demand for private credit from middle-market companies
- Expansion into new industry verticals
- Increased deal flow due to market dislocations
- Potential for strategic acquisitions
- Capitalizing on bank retrenchment
Threats
- Economic downturn impacting portfolio companies
- Increased competition from other BDCs and private credit funds
- Rising interest rates increasing borrowing costs
- Regulatory changes impacting BDCs
- Deterioration in credit quality of portfolio companies
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- GOLC
Competitive Landscape
TSLX competes with other BDCs and private credit funds for deal flow. Its advantages include its affiliation with Sixth Street Partners and its focus on senior secured debt. Disadvantages may include its external management structure and smaller size compared to some competitors.
Growth Trajectory and Initiatives
Historical Growth: TSLX's historical growth is tied to its ability to originate and manage a portfolio of middle-market loans. Growth can be measured by AUM, net investment income, and NAV per share.
Future Projections: Future growth depends on market conditions, deal flow, and TSLX's ability to deploy capital effectively. Analyst estimates will vary based on these factors.
Recent Initiatives: Recent strategic initiatives would need to be sourced from company press releases, investor presentations, and SEC filings. These initiatives may include expanding into new sectors, increasing AUM, or improving operational efficiency.
Summary
TSLX is a BDC with a focus on direct lending to middle-market companies and has a solid position given its association with Sixth Street Partners. It must manage its external management fees and compete in a crowded marketplace. Economic uncertainty and rising interest rates pose significant challenges, yet TSLX's access to deal flow and disciplined underwriting provide strength. Managing credit risk effectively and adapting to changing market dynamics are crucial for continued success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC filings (10-K, 10-Q)
- Company website and investor relations materials
- Financial news articles and analyst reports
- Bloomberg Terminal (where available)
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may not be precise. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sixth Street Specialty Lending Inc
Exchange NYSE | Headquaters Dallas, TX, United States | ||
IPO Launch date 2014-03-21 | CEO & Chairman of the Board Mr. Joshua William Easterly | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. The fund seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.
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