Sixth Street Specialty Lending (TSLX) has reduced its dividend to $0.42 per share due to declining earnings and a rise in non-accrual loans to 1.4% of its portfolio. The company's net investment income and net asset value (NAV) have both decreased, with limited growth prospects ahead. Although TSLX's premium to NAV has widened, it remains below the five-year average, suggesting some valuation appeal if market conditions improve. Further dividend cuts may be necessary if earnings continue to weaken or non-accruals increase.
In the first quarter of 2026, hedge funds dramatically increased their investments in semiconductor stocks, pushing sector exposure to a record 19% of global hedge fund portfolios, more than doubling since the start of the year. Major investors like ...
Oriental Rise Holdings Ltd. saw its stock price surge 18.84% after hours following a board-approved reverse stock split at a 1-for-4 ratio. The reverse split, approved by shareholders, reduces the number of outstanding shares and increases the per-sh...
Onconetix Inc. stock surged 23.65% in after-hours trading following positive clinical validation of its prostate cancer blood test, Proclarix. Two new peer-reviewed studies from Denmark showed Proclarix can reduce unnecessary biopsies and overdiagnos...
U-BX Technology's stock fell 15.6% in after-hours trading following the announcement of a 1-for-25 reverse stock split effective Friday. The move will reduce the number of outstanding shares significantly to maintain Nasdaq listing compliance. The co...
LexinFintech Holdings Ltd., a leading personal financial service provider in China, announced it will report its unaudited financial results for Q1 2026 on May 25 before the U.S. market opens. The company will hold a conference call for investors and...
