Virtu Financial LLC Takes $407,000 Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Virtu Financial LLC bought a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,646 shares of the credit services provider's stock, valued at approximately $407,000.

Other institutional investors have also modified their holdings of the company. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending during the 4th quarter valued at approximately $44,000. Spire Wealth Management acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth approximately $68,000. Geneos Wealth Management Inc. bought a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth $93,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending during the 4th quarter valued at $106,000. Finally, EMC Capital Management boosted its stake in Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after acquiring an additional 3,026 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

OCSL has been the subject of several research analyst reports. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. B. Riley downgraded shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective for the company. in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $16.75.

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Oaktree Specialty Lending Stock Performance

NASDAQ OCSL traded down $0.11 on Friday, hitting $15.50. The stock had a trading volume of 626,610 shares, compared to its average volume of 711,557. The company's 50-day moving average is $15.78 and its two-hundred day moving average is $15.87. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $19.95. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 23.13 and a beta of 1.05. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm had revenue of $86.65 million for the quarter, compared to analysts' expectations of $91.93 million. During the same period last year, the firm earned $0.57 EPS. The firm's revenue was down 11.6% compared to the same quarter last year. On average, analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.32%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 238.81%.

About Oaktree Specialty Lending

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.