abrdn plc Has $823,000 Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

abrdn plc raised its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 40.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,299 shares of the credit services provider’s stock after buying an additional 11,521 shares during the quarter. abrdn plc owned about 0.05% of Oaktree Specialty Lending worth $823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV bought a new stake in Oaktree Specialty Lending in the fourth quarter valued at approximately $41,000. AdvisorNet Financial Inc increased its stake in Oaktree Specialty Lending by 21.4% during the 4th 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 in the last quarter. Adalta Capital Management LLC lifted its stake in 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 acquiring an additional 1,525 shares in the last quarter. Perigon Wealth Management LLC bought a new position in shares of Oaktree Specialty Lending during the 3rd quarter worth approximately $213,000. Finally, Aire Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $235,000. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Trading Up 0.2 %

OCSL stock opened at $19.87 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $1.57 billion, a PE ratio of 13.16 and a beta of 1.06. Oaktree Specialty Lending Co. has a 52 week low of $17.99 and a 52 week high of $21.64. The company’s 50-day simple moving average is $19.58 and its 200 day simple moving average is $19.96.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The company had revenue of $97.99 million for the quarter, compared to analyst estimates of $99.48 million. Oaktree Specialty Lending had a return on equity of 12.22% and a net margin of 28.81%. During the same period in the prior year, the company earned $0.61 EPS. As a group, sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.31 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.20 annualized dividend and a dividend yield of 11.07%. Oaktree Specialty Lending’s dividend payout ratio is currently 145.70%.

Insider Activity at Oaktree Specialty Lending

In other news, Director Phyllis R. Caldwell acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $20.07 per share, with a total value of $40,140.00. Following the acquisition, the director now directly owns 11,166 shares in the company, valued at approximately $224,101.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 target price 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 target on the stock. in a research report on Monday, January 8th. JPMorgan Chase & Co. cut their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Keefe, Bruyette & Woods lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $22.00 to $19.00 in a research report on Friday, February 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.67.

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.