Jackson Thornton Wealth Management LLC purchased a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 37,789 shares of the credit services provider's stock, valued at approximately $577,000.
Other hedge funds have also bought and sold shares of the company. Canton Hathaway LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at $44,000. Spire Wealth Management purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $68,000. Geneos Wealth Management Inc. purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $93,000. SG Americas Securities LLC bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at about $106,000. Finally, EMC Capital Management boosted its holdings 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 period. 36.79% of the stock is currently owned by institutional investors.
Oaktree Specialty Lending Trading Down 0.7 %
Shares of Oaktree Specialty Lending stock traded down $0.11 during midday trading on Friday, reaching $15.50. 626,610 shares of the company's stock traded hands, compared to its average volume of 711,557. The company has a market cap of $1.27 billion, a PE ratio of 23.13 and a beta of 1.05. The stock has a 50 day moving average of $15.78 and a 200-day moving average of $15.88. Oaktree Specialty Lending Co. has a 12 month low of $14.89 and a 12 month high of $19.95. 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 posted its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The firm had revenue of $86.65 million during the quarter, compared to analysts' expectations of $91.93 million. During the same period last year, the company posted $0.57 EPS. The company's quarterly revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.
Oaktree Specialty Lending Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given 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 10.32%. Oaktree Specialty Lending's payout ratio is 238.81%.
Analyst Ratings Changes
Several brokerages have weighed in on OCSL. B. Riley lowered Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective for the company. in a research note on Wednesday, December 11th. StockNews.com upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of "Hold" and an average price target of $16.75.
Check Out Our Latest Research Report on OCSL
About Oaktree Specialty Lending
(
Free Report)
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.
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