Raymond James Financial Inc. Purchases New Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Raymond James Financial Inc. acquired a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 45,880 shares of the credit services provider's stock, valued at approximately $701,000. Raymond James Financial Inc. owned 0.06% of Oaktree Specialty Lending at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Bruni J V & Co. Co. boosted its position in shares of Oaktree Specialty Lending by 26.0% in the fourth quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock worth $29,483,000 after buying an additional 398,241 shares during the period. Muzinich & Co. Inc. boosted its holdings in shares of Oaktree Specialty Lending by 13.2% during the fourth quarter. Muzinich & Co. Inc. now owns 237,302 shares of the credit services provider's stock worth $3,626,000 after purchasing an additional 27,624 shares during the period. Whipplewood Advisors LLC purchased a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $465,000. GraniteShares Advisors LLC raised its holdings in shares of Oaktree Specialty Lending by 44.2% during the fourth quarter. GraniteShares Advisors LLC now owns 161,818 shares of the credit services provider's stock worth $2,473,000 after acquiring an additional 49,631 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at about $44,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on OCSL shares. B. Riley lowered shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective on the stock. in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research note on Tuesday. Finally, StockNews.com upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $16.42.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock traded down $0.35 on Thursday, reaching $13.55. 1,096,057 shares of the stock were exchanged, compared to its average volume of 737,499. The stock has a market cap of $1.11 billion, a PE ratio of 20.22 and a beta of 0.84. The firm has a fifty day moving average price of $15.42 and a two-hundred day moving average price of $15.73. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.95. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63.

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

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 11.81%. Oaktree Specialty Lending's payout ratio is 238.81%.

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.