Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 382.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,976 shares of the financial services provider's stock after acquiring an additional 354,320 shares during the period. Sixth Street Specialty Lending makes up 1.7% of Gilman Hill Asset Management LLC's investment portfolio, making the stock its 11th largest position. Gilman Hill Asset Management LLC owned about 0.48% of Sixth Street Specialty Lending worth $10,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TSLX. abrdn plc increased its stake in Sixth Street Specialty Lending by 23.5% in the 4th quarter. abrdn plc now owns 124,313 shares of the financial services provider's stock worth $2,647,000 after purchasing an additional 23,662 shares during the period. Stratos Wealth Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth $545,000. Country Club Bank purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth $487,000. Robertson Stephens Wealth Management LLC purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth $207,000. Finally, Financial Advocates Investment Management raised its stake in shares of Sixth Street Specialty Lending by 2.7% in the fourth quarter. Financial Advocates Investment Management now owns 156,155 shares of the financial services provider's stock worth $3,326,000 after purchasing an additional 4,170 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on TSLX. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Raymond James dropped their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Keefe, Bruyette & Woods upped their price objective 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. Royal Bank of Canada upped their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Stock Up 0.3%

Shares of Sixth Street Specialty Lending stock traded up $0.07 during trading on Friday, reaching $23.36. The company's stock had a trading volume of 258,027 shares, compared to its average volume of 370,424. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 11.51 and a beta of 0.83. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $23.67. The company has a 50-day simple moving average of $21.44 and a two-hundred day simple moving average of $21.75.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) 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 return on equity of 13.47% and a net margin of 38.67%. The business had revenue of $113.92 billion during the quarter, compared to analyst estimates of $116.70 million. During the same quarter last year, the business posted $0.52 EPS. As a group, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, May 30th. This represents a yield of 9.21%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 97.35%.

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.