International Assets Investment Management LLC Has $247,000 Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

International Assets Investment Management LLC lifted its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 1,942.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,109 shares of the credit services provider’s stock after purchasing an additional 11,516 shares during the quarter. International Assets Investment Management LLC’s holdings in Oaktree Specialty Lending were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Oaktree Specialty Lending by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 1,277,429 shares of the credit services provider’s stock worth $25,702,000 after purchasing an additional 79,137 shares in the last quarter. LSV Asset Management grew its holdings in shares of Oaktree Specialty Lending by 6.2% during the 3rd quarter. LSV Asset Management now owns 1,137,333 shares of the credit services provider’s stock worth $22,883,000 after purchasing an additional 66,066 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Oaktree Specialty Lending by 0.6% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 785,584 shares of the credit services provider’s stock worth $15,806,000 after purchasing an additional 4,715 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Oaktree Specialty Lending by 0.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock worth $11,913,000 after buying an additional 3,897 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of Oaktree Specialty Lending by 1.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 331,320 shares of the credit services provider’s stock worth $6,666,000 after buying an additional 4,402 shares during the period. Institutional investors and hedge funds own 36.79% of the company’s stock.

Insider Buying and Selling at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell bought 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $20.07 per share, with a total value of $40,140.00. Following the completion of the purchase, the director now owns 11,166 shares in the company, valued at $224,101.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

Oaktree Specialty Lending Stock Up 0.8 %

Shares of Oaktree Specialty Lending stock opened at $19.83 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.60. Oaktree Specialty Lending Co. has a 12 month low of $17.99 and a 12 month high of $21.64. The business has a fifty day simple moving average of $19.58 and a 200 day simple moving average of $19.95. The stock has a market cap of $1.57 billion, a PE ratio of 13.13 and a beta of 1.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 EPS 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 company had revenue of $97.99 million for the quarter, compared to analyst estimates of $99.48 million. During the same period last year, the firm earned $0.61 earnings per share. Research analysts predict that Oaktree Specialty Lending Co. will post 2.31 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.09%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 145.70%.

Analyst Upgrades and Downgrades

OCSL has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $22.00 to $19.00 in a research report on Friday, February 2nd. JPMorgan Chase & Co. dropped their target price on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. B. Riley downgraded Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Monday, January 8th. Finally, JMP Securities restated a “market outperform” rating and set a $21.00 target price on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.67.

About Oaktree Specialty Lending

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.