Oaktree Specialty Lending Co. (NASDAQ:OCSL) Position Increased by Private Management Group Inc.

Private Management Group Inc. lifted its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 51.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129,202 shares of the credit services provider’s stock after acquiring an additional 721,629 shares during the period. Oaktree Specialty Lending comprises approximately 1.2% of Private Management Group Inc.’s holdings, making the stock its 18th largest position. Private Management Group Inc. owned approximately 2.59% of Oaktree Specialty Lending worth $32,534,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in Oaktree Specialty Lending by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock worth $32,567,000 after purchasing an additional 137,508 shares in the last quarter. Bruni J V & Co. Co. raised its position in Oaktree Specialty Lending by 1.3% during the third quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock valued at $24,975,000 after buying an additional 19,790 shares during the period. Pinnacle Associates Ltd. lifted its stake in Oaktree Specialty Lending by 7.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock worth $9,515,000 after acquiring an additional 40,641 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Oaktree Specialty Lending by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock worth $6,664,000 after acquiring an additional 243,963 shares during the period. Finally, Rivernorth Capital Management LLC purchased a new position in Oaktree Specialty Lending during the 3rd quarter valued at about $6,598,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 1.7 %

Shares of NASDAQ:OCSL opened at $15.78 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.30 billion, a PE ratio of 21.92 and a beta of 1.08. Oaktree Specialty Lending Co. has a 1 year low of $14.89 and a 1 year high of $20.43. The firm has a fifty day moving average price of $15.62 and a 200 day moving average price of $16.19.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $86.65 million during the quarter, compared to the consensus estimate of $91.93 million. Oaktree Specialty Lending had a return on equity of 11.91% and a net margin of 15.17%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. Analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 10.14%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OCSL shares. Citizens Jmp lowered shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Oppenheimer restated a “market perform” rating and set a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods lowered their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.75.

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.