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 $20.91, up 0.38% from the previous day, and has increased 15.91% in one year. It has overperformed other stocks in the Asset Management industry by 0.23 percentage points. Sixth Street Specialty Lending stock is currently +20.8% from its 52-week low of $17.31, and -6.44% from its 52-week high of $22.35.
As of Apr 19, 2024, there are 87.83M shares of TSLX outstanding. The market value of TSLX is $1.84B. In the last 24 hours, 498,150 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 a stock brokerage, but don't worry - we've sifted through dozens of stock 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 identified.
- Fund your brokerage account: Choose your method of payment and add your info.
- 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 tools can help you evaluate 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 purchase TSLX shares at a given price.
- Watch your investment in TSLX: Create a watchlist to monitor your new investment in Sixth Street Specialty Lending shares.
Step 1: Decide where to buy Sixth Street Specialty Lending stock
You need an online brokerage account to access the NYSE market and buy TSLX stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you can 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 info to start a new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on investing apps, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of depositing funds into your investment account.
Step 4: Research Sixth Street Specialty Lending stock
After you have figured out the best place to buy Sixth Street Specialty Lending stock, it's important to analyze their stock before you buy, so you actually wrap your head around the risk as well as the opportunity.
Overview of key TSLX info
TSLX Overview
WallStreetZen was built to help average investors do better fundamental analysis quickly.
You can see all of the due diligence checks on TSLX's stock page.
Is TSLX stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge TSLX's intrinsic value.
Using relative valuations methods:
- TSLX may be undervalued based on its P/E ratio of 8.01x, relative to Asset Management industry P/E ratio of 29.98x
- TSLX could be undervalued based on its P/B ratio of 1.23x, relative to Asset Management industry P/B ratio of 2.3x
- TSLX could be overvalued based on its PEG ratio of 1.57x
You can access more valuation analysis on TSLX's stock here.
Is TSLX a healthy company?
Passed Health Checks:
- TSLX profit margin has gone up from 34.9% to 50.7% in the past year.
Failed Health Checks:
- Total TSLX debt is higher than 5 years ago, relative to shareholder equity.
- TSLX has a relatively high debt to equity ratio of 1.24.
Is TSLX stock a Buy, Hold, or Sell, according to analysts?
Out of 5 sell side analysts who research TSLX, the consensus analyst rating on TSLX is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Sixth Street Specialty Lending stock forecast page.
TSLX Trading Indicators
TSLX Growth Numbers
Last year, TSLX earnings were $222.02M. Over the past five year, TSLX's earnings have increased by 7.01% per year. This was slower than the Asset Management industry average of 7.1%.
Last year, TSLX revenue was $438.09M. During the last five year, TSLX's revenue has gone up by 10.84% per year. This was slower than the Asset Management industry average of 20.46%.
You can analyze TSLX's earnings and revenue performance here.
Who is buying/selling TSLX?
In the past 12 months, executives and large shareholders at TSLX have not bought or sold any shares.
Get more info about who owns TSLX shares here.
Can I get consistent income from TSLX stock?
Sixth Street Specialty Lending pays a dividend of 12.2%, compared to the Asset Management industry's average dividend yield of 6.78%. If you owned $1,000 of TSLX stock, you would have been paid $121.95 in the past year.
Sixth Street Specialty Lending dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Sixth Street Specialty Lending dividend yield and history here.
What others are saying about TSLX
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
There are 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 mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you need more help buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in TSLX
Now that you own some TSLX stock, you'll want to stay up-to-date on your stock purchase.
Add TSLX to a watchlist to see the latest developments about your TSLX stock.
TSLX Feed
How to Buy Stock in Sixth Street Specialty Lending
To summarize, here are the 6 steps to buy Sixth Street Specialty Lending stock:
- 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 venue.
Get Started with eToro TodayIf you want to get updates on your investment in Sixth Street Specialty Lending, create a watchlist today.
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