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 - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,656 shares of the financial services provider's stock, valued at approximately $1,974,000. Gilman Hill Asset Management LLC owned approximately 0.10% of Sixth Street Specialty Lending as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Private Advisor Group LLC lifted its position in Sixth Street Specialty Lending by 26.8% during the 3rd quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider's stock worth $524,000 after acquiring an additional 5,398 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its position in shares of Sixth Street Specialty Lending by 98.6% during the third quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider's stock worth $2,971,000 after purchasing an additional 71,849 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sixth Street Specialty Lending by 16.1% during 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 in the last quarter. Van ECK Associates Corp boosted its stake in shares of 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 valued at $47,117,000 after purchasing an additional 141,463 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in Sixth Street Specialty Lending by 6.6% during the 2nd 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. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 0.0 %

NYSE:TSLX traded up $0.00 during mid-day trading on Monday, reaching $21.65. The stock had a trading volume of 203,341 shares, compared to its average volume of 266,705. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 10.51 and a beta of 1.05. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year high of $22.35. The stock's 50 day simple moving average is $21.08 and its two-hundred day simple moving average is $20.91.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same quarter last year, the firm earned $0.60 EPS. Equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.