Commonwealth Equity Services LLC Acquires 52,299 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Commonwealth Equity Services LLC lifted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Rating) by 41.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 179,490 shares of the credit services provider’s stock after acquiring an additional 52,299 shares during the period. Commonwealth Equity Services LLC’s holdings in Oaktree Specialty Lending were worth $1,233,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of OCSL. Envestnet Asset Management Inc. lifted its holdings in Oaktree Specialty Lending by 2.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 51,863 shares of the credit services provider’s stock valued at $382,000 after purchasing an additional 1,371 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Oaktree Specialty Lending by 115.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 99,623 shares of the credit services provider’s stock valued at $734,000 after buying an additional 53,343 shares in the last quarter. US Bancorp DE increased its stake in Oaktree Specialty Lending by 45.6% during the 1st quarter. US Bancorp DE now owns 17,571 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 5,500 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Oaktree Specialty Lending by 29.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 100,992 shares of the credit services provider’s stock worth $744,000 after purchasing an additional 23,081 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Oaktree Specialty Lending by 17.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 57,642 shares of the credit services provider’s stock worth $452,000 after acquiring an additional 8,443 shares in the last quarter. Institutional investors own 50.26% of the company’s stock.

Wall Street Analysts Forecast Growth

OCSL has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and issued a $23.00 target price on shares of Oaktree Specialty Lending in a research note on Monday, March 13th. StockNews.com assumed coverage on Oaktree Specialty Lending in a research note on Thursday. They issued a “hold” rating for the company. TheStreet upgraded Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research report on Monday, May 15th. Finally, JPMorgan Chase & Co. dropped their target price on Oaktree Specialty Lending from $21.00 to $20.50 and set an “overweight” rating for the company in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of “Moderate Buy” and an average target price of $22.20.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $18.75 on Friday. Oaktree Specialty Lending Co. has a 1-year low of $17.59 and a 1-year high of $21.74. The stock has a fifty day simple moving average of $18.49 and a two-hundred day simple moving average of $19.85. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 208.33 and a beta of 1.17.

Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $96.30 million during the quarter, compared to analyst estimates of $91.89 million. Oaktree Specialty Lending had a return on equity of 11.29% and a net margin of 3.36%. During the same quarter last year, the company earned $0.54 earnings per share. Analysts anticipate that Oaktree Specialty Lending Co. will post 2.5 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.55 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $2.20 annualized dividend and a yield of 11.73%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 2,444.44%.

About Oaktree Specialty Lending

(Get Rating)

Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to private, small and mid-sized growing businesses. While fostering growth is our primary mission, a singular purpose drives all of our pursuits partnering for success.