Wells Fargo & Company MN Grows Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Wells Fargo & Company MN grew its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSLFree Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 328,362 shares of the credit services provider’s stock after buying an additional 29,952 shares during the period. Wells Fargo & Company MN’s holdings in Oaktree Specialty Lending were worth $6,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV purchased a new position in Oaktree Specialty Lending in the 4th quarter worth $41,000. Bfsg LLC acquired a new position in shares of Oaktree Specialty Lending in the fourth quarter valued at about $71,000. AdvisorNet Financial Inc lifted its holdings in shares of Oaktree Specialty Lending by 21.4% during the fourth quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 900 shares during the period. Adalta Capital Management LLC boosted its position in Oaktree Specialty Lending by 28.8% in the third quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock valued at $137,000 after buying an additional 1,525 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Oaktree Specialty Lending in the fourth quarter valued at approximately $225,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $21.00 price objective on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. JPMorgan Chase & Co. decreased their target price on shares of 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.67.

Check Out Our Latest Analysis on OCSL

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ OCSL opened at $19.53 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 14.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.24 and a current ratio of 0.24. The company’s fifty day moving average price is $19.41 and its 200 day moving average price is $19.94. Oaktree Specialty Lending Co. has a 1 year low of $18.41 and a 1 year high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSLGet Free Report) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). Oaktree Specialty Lending had a return on equity of 12.16% and a net margin of 25.90%. The firm had revenue of $94.03 million for the quarter, compared to analysts’ expectations of $99.66 million. During the same period in the previous year, the company earned $0.62 earnings per share. On average, research analysts predict that Oaktree Specialty Lending Co. will post 2.28 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date is Friday, June 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 164.18%.

Oaktree Specialty Lending Company 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.

See Also

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

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