Gilman Hill Asset Management LLC Has $10 Million Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Gilman Hill Asset Management LLC lifted its stake 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 SEC. The fund owned 446,976 shares of the financial services provider's stock after acquiring an additional 354,320 shares during the quarter. Sixth Street Specialty Lending accounts for 1.7% of Gilman Hill Asset Management LLC's investment portfolio, making the stock its 11th largest position. Gilman Hill Asset Management LLC owned 0.48% of Sixth Street Specialty Lending worth $10,003,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth about $1,035,000. Ameriprise Financial Inc. boosted its stake in shares of Sixth Street Specialty Lending by 6.4% in the fourth quarter. Ameriprise Financial Inc. now owns 193,312 shares of the financial services provider's stock valued at $4,118,000 after buying an additional 11,574 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Sixth Street Specialty Lending by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock worth $25,201,000 after purchasing an additional 33,026 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth $17,488,000. Finally, Baillie Gifford & Co. increased its holdings in shares of Sixth Street Specialty Lending by 72.5% in the 4th quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider's stock valued at $6,527,000 after purchasing an additional 128,763 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Raymond James reduced 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 note on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of 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. Finally, 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 research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $22.81.

Sixth Street Specialty Lending Trading Up 0.3%

Shares of Sixth Street Specialty Lending stock traded up $0.07 on Friday, hitting $23.36. 258,027 shares of the company's stock traded hands, compared to its average volume of 369,632. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $2.19 billion, a PE ratio of 11.51 and a beta of 0.82. The firm's 50-day moving average price is $21.43 and its two-hundred day moving average price is $21.71. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $23.67.

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 the consensus estimate of $0.56 by $0.02. The business had revenue of $113.92 billion for the quarter, compared to analysts' expectations of $116.70 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. During the same quarter in the previous year, the business posted $0.52 EPS. On average, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be given a $0.06 dividend. This represents a dividend yield of 9.21%. The ex-dividend date of this dividend is Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio is currently 97.35%.

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.