Oaktree Specialty Lending Corp (NASDAQ:OCSL) Stake Raised by BlackRock Inc.

BlackRock Inc. boosted its holdings in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 27.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 709,316 shares of the credit services provider’s stock after acquiring an additional 151,327 shares during the quarter. BlackRock Inc. owned about 0.50% of Oaktree Specialty Lending worth $3,844,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in Oaktree Specialty Lending by 215.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,895 shares of the credit services provider’s stock worth $563,000 after purchasing an additional 70,975 shares in the last quarter. Keeley Teton Advisors LLC increased its stake in Oaktree Specialty Lending by 326.9% in the 2nd quarter. Keeley Teton Advisors LLC now owns 1,120,588 shares of the credit services provider’s stock worth $6,074,000 after purchasing an additional 858,096 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Oaktree Specialty Lending by 25.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 154,230 shares of the credit services provider’s stock worth $836,000 after purchasing an additional 31,204 shares in the last quarter. Greenwich Investment Management Inc. increased its stake in Oaktree Specialty Lending by 10.8% in the 2nd quarter. Greenwich Investment Management Inc. now owns 1,221,418 shares of the credit services provider’s stock worth $6,620,000 after purchasing an additional 119,050 shares in the last quarter. Finally, LSV Asset Management increased its stake in Oaktree Specialty Lending by 5.0% in the 2nd quarter. LSV Asset Management now owns 2,293,633 shares of the credit services provider’s stock worth $12,431,000 after purchasing an additional 108,400 shares in the last quarter. Hedge funds and other institutional investors own 50.04% of the company’s stock.

NASDAQ:OCSL opened at $5.17 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. Oaktree Specialty Lending Corp has a fifty-two week low of $4.08 and a fifty-two week high of $5.75. The stock’s 50-day moving average is $5.17 and its two-hundred day moving average is $5.30. The stock has a market cap of $725.94 million, a PE ratio of 12.02, a price-to-earnings-growth ratio of 5.15 and a beta of 0.51.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Wednesday, August 7th. The credit services provider reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. Oaktree Specialty Lending had a return on equity of 7.66% and a net margin of 96.11%. The company had revenue of $36.67 million for the quarter, compared to analysts’ expectations of $39.57 million. On average, equities research analysts anticipate that Oaktree Specialty Lending Corp will post 0.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.38 annualized dividend and a yield of 7.35%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 88.37%.

In other Oaktree Specialty Lending news, major shareholder Leonard M. Tannenbaum sold 22,725 shares of Oaktree Specialty Lending stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $5.26, for a total transaction of $119,533.50. Insiders own 0.16% of the company’s stock.

A number of equities analysts recently weighed in on OCSL shares. Janney Montgomery Scott started coverage on Oaktree Specialty Lending in a research note on Monday, July 29th. They issued a “neutral” rating on the stock. Zacks Investment Research cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. ValuEngine cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet raised Oaktree Specialty Lending from a “c” rating to a “b” rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group started coverage on Oaktree Specialty Lending in a research note on Thursday, October 10th. They issued a “buy” rating and a $6.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Oaktree Specialty Lending currently has an average rating of “Hold” and a consensus price target of $6.31.

Oaktree Specialty Lending Company Profile

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

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