94,494 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Purchased by TT Capital Management LLC

TT Capital Management LLC bought a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 94,494 shares of the credit services provider's stock, valued at approximately $1,470,000. Oaktree Specialty Lending comprises about 1.2% of TT Capital Management LLC's investment portfolio, making the stock its 19th biggest holding. TT Capital Management LLC owned approximately 0.11% of Oaktree Specialty Lending at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OCSL. Private Management Group Inc. raised its stake in Oaktree Specialty Lending by 51.3% in the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock valued at $32,534,000 after acquiring an additional 721,629 shares during the period. Van ECK Associates Corp grew its stake in Oaktree Specialty Lending by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider's stock valued at $32,006,000 after buying an additional 71,808 shares in the last quarter. Bruni J V & Co. Co. boosted its holdings 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 acquiring an additional 398,241 shares during the period. Invesco Ltd. boosted its stake in Oaktree Specialty Lending by 1,300.1% in the 4th quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock worth $13,384,000 after purchasing an additional 813,352 shares during the period. Finally, Melia Wealth LLC grew its holdings in Oaktree Specialty Lending by 5.2% during the 4th quarter. Melia Wealth LLC now owns 801,216 shares of the credit services provider's stock valued at $12,243,000 after buying an additional 39,414 shares in the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Trading Up 2.6 %

Oaktree Specialty Lending stock traded up $0.37 during trading hours on Thursday, reaching $14.35. The company had a trading volume of 810,382 shares, compared to its average volume of 743,796. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 21.42 and a beta of 0.84. Oaktree Specialty Lending Co. has a 12-month low of $12.50 and a 12-month high of $19.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. The company has a 50-day moving average price of $15.29 and a 200 day moving average price of $15.67.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting 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 analysts' expectations of $91.93 million. During the same quarter in the prior year, the company posted $0.57 EPS. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 11.15%. Oaktree Specialty Lending's dividend payout ratio is presently 238.81%.

Analysts Set New Price Targets

OCSL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. StockNews.com upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $16.42.

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.