Oaktree Specialty Lending Co. (NASDAQ:OCSL) Holdings Lifted by Arnhold LLC

Arnhold LLC boosted its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,406 shares of the credit services provider’s stock after buying an additional 3,000 shares during the quarter. Arnhold LLC’s holdings in Oaktree Specialty Lending were worth $682,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $41,000. Bfsg LLC acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at $71,000. AdvisorNet Financial Inc boosted its position in shares of Oaktree Specialty Lending by 21.4% in the 4th quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 900 shares during the period. Adalta Capital Management LLC boosted its position in shares of Oaktree Specialty Lending by 28.8% in the 3rd quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock valued at $137,000 after purchasing an additional 1,525 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in shares of Oaktree Specialty Lending in the 3rd quarter valued at $213,000. Institutional investors own 36.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Phyllis R. Caldwell bought 2,000 shares of Oaktree Specialty Lending stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $20.07 per share, for a total transaction of $40,140.00. Following the acquisition, the director now owns 11,166 shares in the company, valued at $224,101.62. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

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

Oaktree Specialty Lending Stock Down 3.6 %

Shares of OCSL traded down $0.71 during midday trading on Tuesday, reaching $19.16. 987,113 shares of the stock were exchanged, compared to its average volume of 652,999. Oaktree Specialty Lending Co. has a 12-month low of $17.99 and a 12-month high of $21.64. The firm has a 50 day simple moving average of $19.58 and a 200-day simple moving average of $19.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 12.69 and a beta of 1.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results 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 firm had revenue of $97.99 million for the quarter, compared to analysts’ expectations of $99.48 million. During the same period last year, the business earned $0.61 earnings per share. Research analysts forecast that Oaktree Specialty Lending Co. will post 2.31 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.20 annualized dividend and a yield of 11.48%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 145.70%.

Oaktree Specialty Lending Profile

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.