Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC decreased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 12.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,400 shares of the credit services provider’s stock after selling 4,600 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Oaktree Specialty Lending were worth $591,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $56,000. TMD Wealth Management LLC raised its position in Oaktree Specialty Lending by 16.0% during the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock worth $10,679,000 after acquiring an additional 78,404 shares during the period. PFG Investments LLC lifted its holdings in Oaktree Specialty Lending by 19.6% during the second quarter. PFG Investments LLC now owns 22,219 shares of the credit services provider’s stock valued at $418,000 after purchasing an additional 3,642 shares in the last quarter. Arnhold LLC grew its position in shares of Oaktree Specialty Lending by 23.3% in the second quarter. Arnhold LLC now owns 44,906 shares of the credit services provider’s stock valued at $845,000 after purchasing an additional 8,500 shares during the period. Finally, GraniteShares Advisors LLC increased its stake in shares of Oaktree Specialty Lending by 14.2% during the second quarter. GraniteShares Advisors LLC now owns 93,963 shares of the credit services provider’s stock worth $1,767,000 after purchasing an additional 11,719 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OCSL shares. Oppenheimer lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $20.00 to $18.00 in a research note on Friday, August 2nd. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lowered their target price on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company downgraded shares of Oaktree Specialty Lending from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Monday, August 26th. Finally, Keefe, Bruyette & Woods raised shares of Oaktree Specialty Lending to a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.25.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock opened at $16.54 on Monday. The company has a 50-day moving average price of $17.23 and a 200 day moving average price of $18.60. Oaktree Specialty Lending Co. has a 12-month low of $15.56 and a 12-month high of $21.64. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1.35 billion, a P/E ratio of 12.34 and a beta of 1.09.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $94.97 million during the quarter, compared to analyst estimates of $99.35 million. Oaktree Specialty Lending had a net margin of 17.21% and a return on equity of 12.03%. Sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.24 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.30%. The ex-dividend date of this dividend is Monday, September 16th. Oaktree Specialty Lending’s dividend payout ratio is presently 164.18%.

Oaktree Specialty Lending Company 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.