Financial Strategies Group Inc. Makes New Investment in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Financial Strategies Group Inc. acquired a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 10,113 shares of the credit services provider’s stock, valued at approximately $197,000.

Several other institutional investors have also recently bought and sold shares of the business. Cape Investment Advisory Inc. bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $39,000. Massmutual Trust Co. FSB ADV bought a new position in Oaktree Specialty Lending during the fourth quarter worth about $41,000. Bfsg LLC bought a new position in Oaktree Specialty Lending during the fourth quarter worth about $71,000. AdvisorNet Financial Inc boosted its position in Oaktree Specialty Lending by 21.4% during the fourth 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 during the period. Finally, Adalta Capital Management LLC boosted its position in Oaktree Specialty Lending by 28.8% during the third quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock worth $137,000 after purchasing an additional 1,525 shares during the period. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 0.3 %

Shares of Oaktree Specialty Lending stock traded up $0.06 on Tuesday, hitting $18.74. The stock had a trading volume of 286,941 shares, compared to its average volume of 614,997. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.59. Oaktree Specialty Lending Co. has a one year low of $18.41 and a one year high of $21.64. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 13.91 and a beta of 1.09. The stock’s 50-day simple moving average is $19.28 and its two-hundred day simple moving average is $19.81.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). The company had revenue of $94.03 million during the quarter, compared to the consensus estimate of $99.66 million. Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. During the same quarter last year, the firm earned $0.62 EPS. As a group, sell-side analysts predict that Oaktree Specialty Lending Co. will post 2.28 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 11.74%. The ex-dividend date of this dividend was Friday, June 14th. Oaktree Specialty Lending’s dividend payout ratio is currently 164.18%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on OCSL shares. 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 report on Friday, April 12th. JMP Securities reiterated a “market outperform” rating and set a $21.00 target price on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Oaktree Specialty Lending has a consensus rating of “Hold” and a consensus price target 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.