How to buy Sixth Street Specialty Lending stock

Sixth Street Specialty Lending, Inc is an asset management business based in the US. Sixth Street Specialty Lending shares (TSLX) are listed on the NYSE and all prices are listed in US Dollars.

Sixth Street Specialty Lending share price

Use our graph to track the performance of TSLX stocks over time.

Sixth Street Specialty Lending shares at a glance

• Key figures

Information last updated 2021-04-23.

52-week range	$13.04 - $22.44
50-day moving average	$21.99
200-day moving average	$20.46
Wall St. target price	$22.55
PE ratio	8.3623
Dividend yield	$1.8 (8.13%)
Earnings per share (TTM)	$2.65

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Is it a good time to buy Sixth Street Specialty Lending stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Sixth Street Specialty Lending, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Sixth Street Specialty Lending under- or over-valued?

Valuing Sixth Street Specialty Lending stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Sixth Street Specialty Lending's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Sixth Street Specialty Lending's P/E ratio

Sixth Street Specialty Lending's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Sixth Street Specialty Lending shares trade at around 8x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Sixth Street Specialty Lending's PEG ratio

Sixth Street Specialty Lending's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.26. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Sixth Street Specialty Lending's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Sixth Street Specialty Lending financials

Revenue TTM	$270 million
Operating margin TTM	71.16%
Gross profit TTM	$270 million
Return on assets TTM	5.2%
Return on equity TTM	15.62%
Profit margin	65.96%
Book value	$17.16
Market capitalisation	$1.6 billion

TTM: trailing 12 months

Shorting Sixth Street Specialty Lending shares

There are currently 906,096 Sixth Street Specialty Lending shares held short by investors – that's known as Sixth Street Specialty Lending's "short interest". This figure is 4.8% up from 864,342 last month.

There are a few different ways that this level of interest in shorting Sixth Street Specialty Lending shares can be evaluated.

Sixth Street Specialty Lending's "short interest ratio" (SIR)

Sixth Street Specialty Lending's "short interest ratio" (SIR) is the quantity of Sixth Street Specialty Lending shares currently shorted divided by the average quantity of Sixth Street Specialty Lending shares traded daily (recently around 549149.09090909). Sixth Street Specialty Lending's SIR currently stands at 1.65. In other words for every 100,000 Sixth Street Specialty Lending shares traded daily on the market, roughly 1650 shares are currently held short.

However Sixth Street Specialty Lending's short interest can also be evaluated against the total number of Sixth Street Specialty Lending shares, or, against the total number of tradable Sixth Street Specialty Lending shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Sixth Street Specialty Lending's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Sixth Street Specialty Lending shares in existence, roughly 10 shares are currently held short) or 0.0133% of the tradable shares (for every 100,000 tradable Sixth Street Specialty Lending shares, roughly 13 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Sixth Street Specialty Lending.

Find out more about how you can short Sixth Street Specialty Lending stock.

Sixth Street Specialty Lending share dividends

Dividend payout ratio: 96.95% of net profits

Recently Sixth Street Specialty Lending has paid out, on average, around 96.95% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.4% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Sixth Street Specialty Lending shareholders could enjoy a 7.4% return on their shares, in the form of dividend payments. In Sixth Street Specialty Lending's case, that would currently equate to about $1.8 per share.

Sixth Street Specialty Lending's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Sixth Street Specialty Lending's most recent dividend payout was on 7 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 23 March 2021 (the "ex-dividend date").

Have Sixth Street Specialty Lending's shares ever split?

Sixth Street Specialty Lending's shares were split on a 66:1 basis on 2 December 2013. So if you had owned 1 share the day before before the split, the next day you'd have owned 66 shares. This wouldn't directly have changed the overall worth of your Sixth Street Specialty Lending shares – just the quantity. However, indirectly, the new 98.5% lower share price could have impacted the market appetite for Sixth Street Specialty Lending shares which in turn could have impacted Sixth Street Specialty Lending's share price.

Sixth Street Specialty Lending share price volatility

Over the last 12 months, Sixth Street Specialty Lending's shares have ranged in value from as little as $13.0447 up to $22.44. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Sixth Street Specialty Lending's is 1.2201. This would suggest that Sixth Street Specialty Lending's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Sixth Street Specialty Lending overview

Sixth Street Specialty Lending, Inc. is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, 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. It seeks to finance 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.

Frequently asked questions

• What percentage of Sixth Street Specialty Lending is owned by insiders or institutions?

  Currently 0.37% of Sixth Street Specialty Lending shares are held by insiders and 51.74% by institutions.

• When does the fiscal year end for Sixth Street Specialty Lending?

  Sixth Street Specialty Lending's fiscal year ends in December.

• Where is Sixth Street Specialty Lending based?

  Sixth Street Specialty Lending's address is: 345 California Street, San Francisco, CA, United States, 94104

• What is Sixth Street Specialty Lending's ISIN number?

  Sixth Street Specialty Lending's international securities identification number is: US83012A1097

• What is Sixth Street Specialty Lending's CUSIP number?

  Sixth Street Specialty Lending's Committee on Uniform Securities Identification Procedures number is: 87265K102