Generali Asset Management SPA SGR Acquires New Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Generali Asset Management SPA SGR purchased a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 538,318 shares of the credit services provider's stock, valued at approximately $8,225,000. Generali Asset Management SPA SGR owned approximately 0.65% of Oaktree Specialty Lending at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Apollon Wealth Management LLC raised its position in Oaktree Specialty Lending by 5.6% in the third quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider's stock worth $309,000 after acquiring an additional 998 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Oaktree Specialty Lending by 7.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,670 shares of the credit services provider's stock valued at $3,273,000 after purchasing an additional 13,883 shares during the period. Bruni J V & Co. Co. raised its position in shares of Oaktree Specialty Lending by 1.3% in 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 purchasing an additional 19,790 shares during the period. Advisors Asset Management Inc. raised its position in shares of Oaktree Specialty Lending by 5.8% in the third quarter. Advisors Asset Management Inc. now owns 217,321 shares of the credit services provider's stock valued at $3,545,000 after purchasing an additional 11,841 shares during the period. Finally, Centaurus Financial Inc. raised its position in shares of Oaktree Specialty Lending by 11.4% in the third quarter. Centaurus Financial Inc. now owns 35,115 shares of the credit services provider's stock valued at $573,000 after purchasing an additional 3,600 shares during the period. 36.79% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on OCSL. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. B. Riley cut shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price target for the company. in a research note on Wednesday, December 11th. Finally, Oppenheimer reissued a "market perform" rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $16.75.

Oaktree Specialty Lending Trading Down 0.4 %

NASDAQ OCSL traded down $0.07 during trading on Friday, hitting $15.62. The company had a trading volume of 824,035 shares, compared to its average volume of 703,137. 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 Co. has a one year low of $14.89 and a one year high of $19.95. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 23.31 and a beta of 1.05. The company's fifty day moving average is $15.76 and its 200-day moving average is $15.92.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. During the same period in the prior year, the business earned $0.57 EPS. The company's revenue for the quarter was down 11.6% on a year-over-year basis. On average, sell-side analysts predict that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.24%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio is presently 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.