Oppenheimer & Co. Inc. Raises Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Oppenheimer & Co. Inc. raised its position in Oaktree Specialty Lending Co. (NASDAQ:OCSLFree Report) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,615 shares of the credit services provider’s stock after buying an additional 584 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Oaktree Specialty Lending were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OCSL. Millennium Management LLC lifted its stake in Oaktree Specialty Lending by 237.3% in the fourth quarter. Millennium Management LLC now owns 2,374,777 shares of the credit services provider’s stock valued at $16,315,000 after buying an additional 1,670,805 shares during the last quarter. Royal Bank of Canada lifted its stake in Oaktree Specialty Lending by 847.7% in the first quarter. Royal Bank of Canada now owns 691,652 shares of the credit services provider’s stock valued at $5,097,000 after buying an additional 618,670 shares during the last quarter. First Republic Investment Management Inc. raised its stake 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 purchasing an additional 414,097 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of Oaktree Specialty Lending by 126.2% during the first quarter. 1832 Asset Management L.P. now owns 600,329 shares of the credit services provider’s stock worth $11,268,000 after purchasing an additional 334,963 shares during the last quarter. Finally, Trinity Financial Advisors LLC purchased a new stake in shares of Oaktree Specialty Lending during the third quarter worth approximately $4,732,000. Hedge funds and other institutional investors own 39.25% of the company’s stock.

Oaktree Specialty Lending Trading Up 1.7 %

Shares of OCSL stock opened at $20.06 on Tuesday. The business’s fifty day moving average price is $20.62 and its 200 day moving average price is $20.07. Oaktree Specialty Lending Co. has a 1-year low of $17.70 and a 1-year high of $21.64. The firm has a market capitalization of $1.58 billion, a PE ratio of 13.28 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.25 and a quick ratio of 0.25.

Oaktree Specialty Lending (NASDAQ:OCSLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Oaktree Specialty Lending had a return on equity of 12.22% and a net margin of 28.81%. The business had revenue of $97.99 million for the quarter, compared to analyst estimates of $99.48 million. During the same period in the prior year, the company earned $0.61 EPS. As a group, sell-side analysts forecast that Oaktree Specialty Lending Co. will post 2.31 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 10.97%. The ex-dividend date is Thursday, March 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 145.70%.

Wall Street Analysts Forecast Growth

OCSL has been the subject of several analyst reports. B. Riley cut Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note on Monday, January 8th. Keefe, Bruyette & Woods cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $22.00 to $19.00 in a research note on Friday, February 2nd. Finally, Wells Fargo & Company upped their price target on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.20.

Get Our Latest Report on Oaktree Specialty Lending

Oaktree Specialty Lending Profile

(Free Report)

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.

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Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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