Advisors Asset Management Inc. Sells 36,673 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Advisors Asset Management Inc. lowered its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,648 shares of the credit services provider's stock after selling 36,673 shares during the period. Advisors Asset Management Inc. owned about 0.22% of Oaktree Specialty Lending worth $2,760,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Canton Hathaway LLC purchased a new position in shares of Oaktree Specialty Lending in the 4th quarter worth about $44,000. Spire Wealth Management purchased a new position in Oaktree Specialty Lending in the fourth quarter valued at about $68,000. Geneos Wealth Management Inc. bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $93,000. SG Americas Securities LLC purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $106,000. Finally, EMC Capital Management raised its holdings in shares of Oaktree Specialty Lending by 53.2% in the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock worth $133,000 after purchasing an additional 3,026 shares during the period. Institutional investors own 36.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. 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. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, Oaktree Specialty Lending currently has an average rating of "Hold" and an average target price of $16.75.

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Oaktree Specialty Lending Trading Up 0.3 %

Shares of OCSL traded up $0.05 during mid-day trading on Wednesday, reaching $15.78. The company's stock had a trading volume of 447,817 shares, compared to its average volume of 702,487. 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 52 week low of $14.89 and a 52 week high of $19.95. The company's fifty day moving average price is $15.78 and its two-hundred day moving average price is $15.89. The stock has a market cap of $1.30 billion, a PE ratio of 23.55 and a beta of 1.05.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its 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. The company 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%. Oaktree Specialty Lending's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. On average, analysts predict that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.14%. The ex-dividend date is Monday, March 17th. 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.