Alan Waxman, a vice president at Sixth Street Specialty Lending, Inc. (NASDAQ: TSLX), acquired 300,000 shares of the firm's common stock through an indirect vehicle for a total consideration of $5.53 million. The purchases were executed in two separate tranches at prices ranging from $18.42 to $18.46 per share.
According to regulatory details, Waxman bought 100,000 shares on March 5, 2026, and followed with a second transaction for 200,000 shares on March 6, 2026. Both tranches were acquired indirectly via a trust. After these transactions, Waxman indirectly holds the 300,000 shares in the trust and reports an indirect pecuniary interest in 2,714,266 shares.
The timing of the buying is noteworthy: the stock was trading at $18.39 at the time the purchases were reported. Over the prior six months the share price had declined by 22%, and year-to-date performance showed a 15.6% drop.
From a yield and valuation perspective, Sixth Street Specialty Lending currently offers a 10.9% dividend yield and is quoted at a price-to-earnings ratio of 10.06. Those metrics sit alongside the company’s most recent reported quarterly results for the fourth quarter of 2025.
In its fourth-quarter 2025 report, Sixth Street Specialty Lending delivered earnings per share of $0.53, beating consensus expectations of $0.51 and producing a 3.92% surprise. Revenue for the quarter reached $108.2 million versus anticipated sales of $106.57 million.
Despite the earnings beat and a statement that credit quality remains solid, Keefe, Bruyette & Woods adjusted its price target on Sixth Street Specialty Lending to $22.00 from $23.00 while keeping an Outperform rating. The firm characterized the quarter as mixed, citing depreciation that affected net asset value as a factor in the lowered target.
InvestingPro coverage notes that TSLX is among more than 1,400 U.S. equities included in its Pro Research Reports, with additional analytic content and metrics available to subscribers.
Contextual note: This report is limited to the material facts disclosed in regulatory filings and the company’s public quarterly results. It does not attempt to infer motives or future outcomes beyond those disclosures.