Gilman Hill Asset Management LLC Purchases Shares of 92,656 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Gilman Hill Asset Management LLC acquired a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 92,656 shares of the financial services provider’s stock, valued at approximately $1,974,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Sixth Street Specialty Lending by 6.6% in the third quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider’s stock worth $47,117,000 after buying an additional 141,463 shares in the last quarter. Progeny 3 Inc. increased its holdings in Sixth Street Specialty Lending by 10.6% in the 3rd quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider’s stock worth $46,249,000 after acquiring an additional 215,996 shares in the last quarter. Sound Income Strategies LLC raised its stake in Sixth Street Specialty Lending by 2.5% during the 3rd quarter. Sound Income Strategies LLC now owns 2,183,060 shares of the financial services provider’s stock worth $44,818,000 after acquiring an additional 53,961 shares during the period. 1832 Asset Management L.P. lifted its holdings in Sixth Street Specialty Lending by 6.6% during the second quarter. 1832 Asset Management L.P. now owns 1,279,000 shares of the financial services provider’s stock valued at $27,307,000 after purchasing an additional 79,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Sixth Street Specialty Lending by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock worth $24,131,000 after purchasing an additional 162,810 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

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

Sixth Street Specialty Lending Stock Up 0.0 %

Shares of TSLX stock opened at $21.65 on Monday. The company’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 52 week low of $19.50 and a 52 week high of $22.35. The stock has a market cap of $2.02 billion, a P/E ratio of 10.51 and a beta of 1.05. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The company had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same period in the previous year, the business earned $0.60 earnings per share. Analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

Sixth Street Specialty Lending 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.