Sumitomo Mitsui Trust Holdings Inc. Purchases 17,538 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,790 shares of the credit services provider’s stock after purchasing an additional 17,538 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of Oaktree Specialty Lending worth $4,713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aire Advisors LLC bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at $235,000. MRP Capital Investments LLC raised its position in shares of Oaktree Specialty Lending by 3.2% during the 4th quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider’s stock valued at $403,000 after purchasing an additional 616 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Oaktree Specialty Lending by 0.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 298,996 shares of the credit services provider’s stock valued at $6,105,000 after purchasing an additional 2,525 shares during the period. International Assets Investment Management LLC raised its position in shares of Oaktree Specialty Lending by 1,942.0% during the 4th quarter. International Assets Investment Management LLC now owns 12,109 shares of the credit services provider’s stock valued at $247,000 after purchasing an additional 11,516 shares during the period. Finally, Pallas Capital Advisors LLC grew its stake in Oaktree Specialty Lending by 187.1% during the fourth quarter. Pallas Capital Advisors LLC now owns 57,819 shares of the credit services provider’s stock valued at $1,181,000 after acquiring an additional 37,677 shares in the last quarter. 36.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. B. Riley cut shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Monday, January 8th. Wells Fargo & Company raised their target price on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $21.00 target price on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. JPMorgan Chase & Co. cut 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 note on Friday, April 12th. Finally, Keefe, Bruyette & Woods cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their target price for the company from $22.00 to $19.00 in a research note on Friday, February 2nd. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.67.

Insider Activity at Oaktree Specialty Lending

In other news, Director Phyllis R. Caldwell purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought 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 of the company’s stock, valued at approximately $224,101.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock opened at $19.64 on Wednesday. The company’s 50-day moving average price is $19.61 and its 200-day moving average price is $19.95. Oaktree Specialty Lending Co. has a twelve month low of $17.99 and a twelve month high of $21.64. 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 $1.55 billion, a PE ratio of 13.01 and a beta of 1.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its 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 business had revenue of $97.99 million during the quarter, compared to the consensus estimate of $99.48 million. During the same quarter last year, the firm earned $0.61 earnings per share. On average, equities research analysts forecast that Oaktree Specialty Lending Co. will post 2.31 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.20 annualized dividend and a yield of 11.20%. Oaktree Specialty Lending’s payout ratio is 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.