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How to buy Sixth Street Specialty Lending stock

Learn how to easily invest in 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.

How to buy shares in Sixth Street Specialty Lending

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – TSLX – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.

Sixth Street Specialty Lending stock price (NYSE: TSLX)

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

Sixth Street Specialty Lending shares at a glance

Information last updated 2022-06-25.
Latest market close$18.99
52-week range$18.02 - $23.26
50-day moving average $21.02
200-day moving average $22.74
Wall St. target price$23.94
PE ratio 7.3294
Dividend yield $2.35 (8.77%)
Earnings per share (TTM) $2.55

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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.

Sixth Street Specialty Lending price performance over time

Historical closes compared with the close of $18.99 from 2022-07-01

1 week (2022-06-24) 1.61%
1 month (2022-06-02) -9.10%
3 months (2022-04-01) -19.67%
6 months (2021-12-31) -18.81%
1 year (2021-07-02) -16.42%
2 years (2020-07-02) 16.29%
3 years (2019-07-02) 19.63
5 years (2017-06-30) 20.45

Is Sixth Street Specialty Lending stock undervalued or overvalued?

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 7x. In other words, Sixth Street Specialty Lending shares trade at around 7x 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 1.2745. 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 $279.8 million
Operating margin TTM 66.31%
Gross profit TTM $278.6 million
Return on assets TTM 4.72%
Return on equity TTM 15.88%
Profit margin 70.06%
Book value $16.88
Market capitalisation $1.4 billion

TTM: trailing 12 months

Sixth Street Specialty Lending share dividends

51%

Dividend payout ratio: 50.62% of net profits

Recently Sixth Street Specialty Lending has paid out, on average, around 50.62% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.77% 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 8.77% return on their shares, in the form of dividend payments. In Sixth Street Specialty Lending's case, that would currently equate to about $2.35 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 14 July 2022. The latest dividend was paid out to all shareholders who bought their shares by 13 June 2022 (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 $18.02 up to $23.2555. A popular way to gauge a stock's volatility is its "beta".

TSLX.US volatility(beta: 1.08)Avg. volatility(beta: 1.00)LowHigh

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 1.0767. 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. (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. It 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.

Frequently asked questions

What percentage of Sixth Street Specialty Lending is owned by insiders or institutions?
Currently 0.433% of Sixth Street Specialty Lending shares are held by insiders and 47.013% 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: 2100 McKinney Avenue, Dallas, TX, United States, 75201
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

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