Gilman Hill Asset Management LLC Boosts Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Gilman Hill Asset Management LLC boosted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 382.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 446,976 shares of the financial services provider’s stock after buying an additional 354,320 shares during the quarter. Sixth Street Specialty Lending makes up about 1.7% of Gilman Hill Asset Management LLC’s holdings, making the stock its 11th largest position. Gilman Hill Asset Management LLC owned 0.48% of Sixth Street Specialty Lending worth $10,003,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in Sixth Street Specialty Lending during the 4th quarter worth $27,000. AdvisorNet Financial Inc acquired a new position in shares of Sixth Street Specialty Lending in the first quarter valued at approximately $40,000. First Horizon Advisors Inc. increased its position in Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 465 shares during the last quarter. Signaturefd LLC increased its holdings in Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 550 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the fourth quarter valued at about $109,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Down 0.3%

Shares of NYSE TSLX opened at $23.27 on Thursday. The firm has a 50 day moving average price of $21.39 and a two-hundred day moving average price of $21.68. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67. The stock has a market cap of $2.19 billion, a P/E ratio of 11.46 and a beta of 0.82.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The firm had revenue of $113.92 billion for the quarter, compared to analyst estimates of $116.70 million. During the same period last year, the firm earned $0.52 earnings per share. As a group, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.06 per share. This represents a dividend yield of 9.21%. The ex-dividend date is Friday, May 30th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 97.35%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TSLX shares. Keefe, Bruyette & Woods lifted their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. B. Riley initiated coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They issued a “buy” rating and a $23.00 price target on the stock. Truist Financial boosted their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, Raymond James cut their target price on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of “Buy” and a consensus target price of $22.81.

About Sixth Street Specialty Lending

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.