Whipplewood Advisors LLC Invests $465,000 in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Whipplewood Advisors LLC bought a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,429 shares of the credit services provider's stock, valued at approximately $465,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new stake in shares of Oaktree Specialty Lending during the third quarter worth about $2,849,000. Barclays PLC increased its position in shares of Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock worth $1,725,000 after purchasing an additional 2,140 shares in the last quarter. Stifel Financial Corp increased its position in shares of Oaktree Specialty Lending by 21.2% during the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider's stock worth $885,000 after purchasing an additional 9,495 shares in the last quarter. Private Management Group Inc. increased its position in shares of Oaktree Specialty Lending by 91.5% during the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider's stock worth $22,958,000 after purchasing an additional 672,561 shares in the last quarter. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the third quarter worth about $6,598,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citizens Jmp cut Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 19th. JMP Securities cut Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. StockNews.com upgraded Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, Oppenheimer restated a "market perform" rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.75.

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Oaktree Specialty Lending Stock Performance

OCSL traded up $0.14 during trading on Friday, reaching $16.12. The company's stock had a trading volume of 811,349 shares, compared to its average volume of 634,950. Oaktree Specialty Lending Co. has a 52-week low of $14.89 and a 52-week high of $20.01. The company's fifty day moving average price is $15.57 and its 200-day moving average price is $16.03. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 24.06 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30.

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

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio 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.