How to Buy Sixth Street Specialty Lending Stock
Sixth Street Specialty Lending Inc
Sixth Street Specialty Lending is a asset management company located in Texas, United States, which is part of the Financial Services sector, and is traded under the ticker TSLX on the NYSE exchange.
Sixth Street Specialty Lending stock last closed at $23.32, down 0.77% from the previous day, and has increased 8.72% in one year. It has overperformed other stocks in the Asset Management industry by 0.09 percentage points. Sixth Street Specialty Lending stock is currently +25.51% from its 52-week low of $18.58, and -1.81% from its 52-week high of $23.75.
There are currently 93.96M TSLX shares outstanding. The market cap of TSLX is $2.19B. In the last 24 hours, 336,000 TSLX shares were traded.
How to Buy Sixth Street Specialty Lending Stock
Wondering how to invest in Sixth Street Specialty Lending stock? Here's how.
- Decide where to buy Sixth Street Specialty Lending stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Sixth Street Specialty Lending stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your information.
- Research Sixth Street Specialty Lending stock: The Sixth Street Specialty Lending ticker symbol is TSLX. Is Sixth Street Specialty Lending stock a good investment? Should you buy shares of TSLX? How do TSLX's underlying business fundamentals look? Do top analysts think Sixth Street Specialty Lending is a good buy? Why has TSLX's stock price moved recently? (Hint: Our stock market research website can help you decide if TSLX is a good stock to buy).
- Place your TSLX buy order: Decide if you will purchase TSLX shares at the current market price or use a limit order to buy TSLX stock at a specific price.
- Watch your investment in TSLX: Create a watchlist to monitor your position in Sixth Street Specialty Lending stock.
Step 1: Decide where to buy Sixth Street Specialty Lending stock
You will need a brokerage account to access the NYSE market and buy TSLX shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global financial markets: From Tech to Utilities, New York to Shanghai (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you are able to invest in TSLX stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have created your account on a mobile trading app, you need to deposit funds:
Check out the walkthrough below to see the process of transferring money into your investment account.
Step 4: Research Sixth Street Specialty Lending stock
Once you have identified the best place to buy Sixth Street Specialty Lending stock, it's crucial to analyze their stock before you buy, so you truly comprehend the risk as well as the opportunity.
Sixth Street Specialty Lending Numbers
TSLX Due Diligence Checks
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on TSLX's stock page.
What is the fair value of TSLX stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge TSLX's true value.
Using relative valuations methods:
- TSLX could be undervalued based on its P/E ratio of 12.34x, relative to Asset Management industry P/E ratio of 126.86x
- TSLX could be undervalued based on its P/B ratio of 1.37x, relative to Asset Management industry P/B ratio of 2.74x
- TSLX could be overvalued based on its PEG ratio of 1.08x
You can do additional valuation research on TSLX's stock here.
TSLX Financial Overview
Failed Health Checks:
- TSLX's operating cash flow of $169.97M allows it to safely service it's debt of $1.84B.
- TSLX has a relatively high debt to equity ratio of 1.19.
- TSLX profit margin has gone down from 47.1% to 36.6% in the past year.
- Total TSLX debt is higher than 5 years ago, relative to shareholder equity.
- TSLX earnings of $331.14M is not enough to cover its interest payments.
Do analysts think it's a good time to buy TSLX stock
Out of 7 sell side analysts who track TSLX, the consensus analyst rating on TSLX is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent TSLX Analyst Forecasts
Richard Shane, a top 10% analyst from JP Morgan maintains TSLX with a strong buy rating and raises their TSLX price target from $22.50 to $23.00, on Feb 18, 2025.
Paul Johnson, a top 27% analyst from Keefe, Bruyette & Woods maintains TSLX with a buy rating and raises their TSLX price target from $21.50 to $23.00, on Feb 18, 2025.
You can dig deeper into what analysts are saying on the Sixth Street Specialty Lending stock forecast page.
TSLX Trading Indicators
TSLX Performance Numbers
Last year, TSLX earnings were $176.00M. During the last 5 year, TSLX's earnings have increased by 14.75% per year. This was faster than the Asset Management industry average of 4.34%.
Last year, TSLX revenue was $481.09M. During the past five year, TSLX's revenue has grown by 12.64% per year. This was slower than the Asset Management industry average of 26.05%.
Dive into TSLX's earnings and revenue performance here.
Are TSLX insiders buying or selling the stock?
In the past 12 months, executives and large shareholders at TSLX have bought more shares than they have sold.
Michael Graf, Officer of TSLX, was the latest TSLX insider to buy. They bought $20,530.00 worth of TSLX stock on Nov 20, 2024.
Dig into more about who owns TSLX stock here.
Can I get consistent income from TSLX stock?
Sixth Street Specialty Lending pays a dividend of 6.69%, compared to the Asset Management industry's average dividend yield of 6.4%. If you owned $1,000 of TSLX stock, you would have received $66.90 last year.
Sixth Street Specialty Lending dividend payments have consistently grown over the past decade but have not remained stable.
Get more data about Sixth Street Specialty Lending dividend yield and history here.
Get opinions from other traders
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your TSLX buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.
Click the Open Trade button and your broker will place the order.
If you want more info about buying stocks on eToro, watch the how to video below:
Step 6: Watch your investment in TSLX
Now that you own some TSLX shares, you'll want to keep up with your shares.
Put TSLX on a watchlist to get alerted to the latest events about your TSLX stock.
TSLX Feed
How to Buy Stock in Sixth Street Specialty Lending
To reiterate, here are the 6 steps to buy stock in Sixth Street Specialty Lending:
- Decide where to buy Sixth Street Specialty Lending stock
- Sign up for a brokerage account
- Fund your brokerage account
- Research Sixth Street Specialty Lending stock
- Place your TSLX buy order
- Watch your investment in TSLX
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your investment in Sixth Street Specialty Lending, click the button below.
Trending "How To" Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.