Royce & Associates LP lessened its stake in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 248,585 shares of the credit services provider’s stock after selling 8,081 shares during the period. Royce & Associates LP owned about 0.18% of Oaktree Specialty Lending worth $1,052,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Private Management Group Inc. increased its holdings in Oaktree Specialty Lending by 0.9% in the 4th quarter. Private Management Group Inc. now owns 4,793,599 shares of the credit services provider’s stock valued at $20,277,000 after purchasing an additional 44,677 shares during the last quarter. Bruni J V & Co. Co. boosted its position in Oaktree Specialty Lending by 28.3% in the 4th quarter. Bruni J V & Co. Co. now owns 3,958,176 shares of the credit services provider’s stock valued at $16,743,000 after buying an additional 872,638 shares during the period. Hilton Capital Management LLC boosted its position in Oaktree Specialty Lending by 24.6% in the 3rd quarter. Hilton Capital Management LLC now owns 3,957,659 shares of the credit services provider’s stock valued at $19,630,000 after buying an additional 780,594 shares during the period. LSV Asset Management boosted its position in Oaktree Specialty Lending by 8.3% in the 4th quarter. LSV Asset Management now owns 1,950,707 shares of the credit services provider’s stock valued at $8,251,000 after buying an additional 148,874 shares during the period. Finally, Muzinich & Co. Inc. boosted its position in Oaktree Specialty Lending by 7.8% in the 3rd quarter. Muzinich & Co. Inc. now owns 1,918,196 shares of the credit services provider’s stock valued at $9,514,000 after buying an additional 138,411 shares during the period. Hedge funds and other institutional investors own 46.35% of the company’s stock.
OCSL has been the subject of several recent research reports. National Securities reissued a “neutral” rating and issued a $5.00 price target on shares of Oaktree Specialty Lending in a research report on Monday, December 3rd. TheStreet raised shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. JMP Securities raised their price target on shares of Oaktree Specialty Lending from $5.50 to $5.75 and gave the company a “market outperform” rating in a research report on Monday, December 17th. Finally, ValuEngine raised shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $5.79.
Oaktree Specialty Lending stock opened at $5.20 on Friday. The firm has a market cap of $735.81 million, a PE ratio of 12.09, a PEG ratio of 5.40 and a beta of 0.58. Oaktree Specialty Lending Corp has a 12-month low of $4.08 and a 12-month high of $5.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.25 and a quick ratio of 0.25.
Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Thursday, February 7th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business had revenue of $38.28 million during the quarter, compared to analysts’ expectations of $36.80 million. Oaktree Specialty Lending had a net margin of 73.31% and a return on equity of 7.54%. As a group, sell-side analysts forecast that Oaktree Specialty Lending Corp will post 0.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 7.31%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 88.37%.
About Oaktree Specialty Lending
Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.
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