Sixth Street Specialty Lending, Inc. $TSLX Holdings Increased by Gilman Hill Asset Management LLC

Key Points

• Gilman Hill Asset Management LLC increased its stake in Sixth Street Specialty Lending, Inc. by 4.1%, owning 465,241 shares, which represents 1.8% of its investment portfolio.
• Sixth Street Specialty Lending reported an earnings per share (EPS) of $0.56 for the last quarter, surpassing analysts' expectations of $0.53, with a net margin of 39.56% and revenue of $115 million.
• The company announced a quarterly dividend of $0.05 per share, with a payout ratio of 91.54% and an annualized yield of 0.9% effective from September 30th.

Gilman Hill Asset Management LLC lifted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,241 shares of the financial services provider's stock after acquiring an additional 18,265 shares during the quarter. Sixth Street Specialty Lending makes up approximately 1.8% of Gilman Hill Asset Management LLC's portfolio, making the stock its 4th largest position. Gilman Hill Asset Management LLC owned about 0.50% of Sixth Street Specialty Lending worth $11,077,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at $27,000. AdvisorNet Financial Inc purchased a new stake in shares of Sixth Street Specialty Lending in the first quarter worth about $40,000. Rossby Financial LCC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $62,000. Redmont Wealth Advisors LLC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $97,000. Finally, SVB Wealth LLC bought a new position in Sixth Street Specialty Lending during the first quarter valued at approximately $107,000. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Up 0.4%

TSLX traded up $0.10 during trading on Friday, reaching $23.59. The company had a trading volume of 932,637 shares, compared to its average volume of 336,058. The stock has a market cap of $2.22 billion, a P/E ratio of 11.74 and a beta of 0.85. The business has a 50 day simple moving average of $24.20 and a 200-day simple moving average of $22.89. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $25.17. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $115.00 million for the quarter, compared to analysts' expectations of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.05 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 91.54%.

Wall Street Analyst Weigh In

TSLX has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JMP Securities upped their price target on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of "Buy" and a consensus price target of $23.28.

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.