Oaktree Specialty Lending Co. (NASDAQ:OCSL) Stake Boosted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Rating) by 14.1% in the 4th quarter, Holdings Channel reports. The firm owned 132,463 shares of the credit services provider’s stock after acquiring an additional 16,351 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Oaktree Specialty Lending were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of OCSL. Royal Bank of Canada grew its position in shares of Oaktree Specialty Lending by 847.7% during the first quarter. Royal Bank of Canada now owns 691,652 shares of the credit services provider’s stock worth $5,097,000 after acquiring an additional 618,670 shares during the last quarter. Cliffwater LLC grew its position in shares of Oaktree Specialty Lending by 33.3% during the third quarter. Cliffwater LLC now owns 1,798,470 shares of the credit services provider’s stock worth $10,791,000 after acquiring an additional 449,624 shares during the last quarter. First Republic Investment Management Inc. grew its position in shares of Oaktree Specialty Lending by 196.7% during the first quarter. First Republic Investment Management Inc. now owns 624,649 shares of the credit services provider’s stock worth $4,604,000 after acquiring an additional 414,097 shares during the last quarter. Van ECK Associates Corp grew its holdings in Oaktree Specialty Lending by 15.2% in the 4th quarter. Van ECK Associates Corp now owns 2,318,456 shares of the credit services provider’s stock worth $15,928,000 after buying an additional 305,640 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Oaktree Specialty Lending by 9.0% in the 3rd quarter. LSV Asset Management now owns 3,690,726 shares of the credit services provider’s stock worth $22,144,000 after buying an additional 304,286 shares in the last quarter. Institutional investors own 50.26% of the company’s stock.

Analysts Set New Price Targets

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

Oaktree Specialty Lending Trading Up 0.3 %

Shares of OCSL stock opened at $18.75 on Friday. The stock has a 50-day simple moving average of $18.49 and a 200 day simple moving average of $19.85. Oaktree Specialty Lending Co. has a fifty-two week low of $17.59 and a fifty-two week high of $21.74. The stock has a market capitalization of $1.45 billion, a P/E ratio of 208.33 and a beta of 1.17. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.40.

Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) last announced its earnings results on Thursday, May 4th. The credit services provider reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Oaktree Specialty Lending had a return on equity of 11.29% and a net margin of 3.36%. The business had revenue of $96.30 million during the quarter, compared to analysts’ expectations of $91.89 million. During the same quarter last year, the business posted $0.54 earnings per share. On average, sell-side analysts expect that Oaktree Specialty Lending Co. will post 2.5 earnings per share for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 11.73%. The ex-dividend date is Wednesday, June 14th. Oaktree Specialty Lending’s payout ratio is 2,444.44%.

Oaktree Specialty Lending Profile

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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.