Gilman Hill Asset Management LLC Invests $1.97 Million in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Gilman Hill Asset Management LLC bought a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 92,656 shares of the financial services provider’s stock, valued at approximately $1,974,000. Gilman Hill Asset Management LLC owned approximately 0.10% of Sixth Street Specialty Lending as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLX. Confluence Investment Management LLC grew its holdings in shares of Sixth Street Specialty Lending by 0.5% during the 4th quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider’s stock worth $5,350,000 after acquiring an additional 1,273 shares during the period. Barnett & Company Inc. grew its stake in Sixth Street Specialty Lending by 4.7% in the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 1,300 shares during the period. Sanctuary Advisors LLC raised its holdings in Sixth Street Specialty Lending by 6.3% in the third quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 1,441 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Sixth Street Specialty Lending by 10.6% during the second quarter. Bank of New York Mellon Corp now owns 17,376 shares of the financial services provider’s stock valued at $371,000 after buying an additional 1,660 shares during the period. Finally, Trust Co. of Vermont bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $21.65 on Monday. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 10.51 and a beta of 1.05. The business’s fifty day simple moving average is $21.06 and its two-hundred day simple moving average is $20.91. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $22.35. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $119.22 million for the quarter, compared to analysts’ expectations of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same period last year, the firm posted $0.60 earnings per share. Research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 7.59%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 89.32%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research note on Thursday, November 7th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, November 6th. Wells Fargo & Company cut their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $22.00.

Sixth Street Specialty Lending Company Profile

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.