Alpine Global Management LLC Buys 180,000 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Alpine Global Management LLC increased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 180.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,000 shares of the credit services provider's stock after buying an additional 180,000 shares during the period. Oaktree Specialty Lending accounts for approximately 1.0% of Alpine Global Management LLC's portfolio, making the stock its 17th largest holding. Alpine Global Management LLC owned approximately 0.34% of Oaktree Specialty Lending worth $4,278,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Canton Hathaway LLC bought a new position in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $44,000. Spire Wealth Management bought a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $68,000. Geneos Wealth Management Inc. purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at $93,000. SG Americas Securities LLC bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $106,000. Finally, EMC Capital Management grew its position in Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock worth $133,000 after acquiring an additional 3,026 shares in the last quarter. Institutional investors own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

OCSL has been the subject of a number of research reports. Keefe, Bruyette & Woods cut 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, April 8th. JPMorgan Chase & Co. reduced their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat.com, Oaktree Specialty Lending has an average rating of "Hold" and a consensus target price of $16.25.

Oaktree Specialty Lending Trading Up 0.8 %

Shares of NASDAQ:OCSL traded up $0.11 on Friday, hitting $14.68. The company had a trading volume of 384,770 shares, compared to its average volume of 746,269. Oaktree Specialty Lending Co. has a 1 year low of $12.50 and a 1 year high of $19.95. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm's 50-day simple moving average is $15.10 and its two-hundred day simple moving average is $15.57. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 21.91 and a beta of 0.84.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $86.65 million for 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 for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. Equities analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.90%. The ex-dividend date was 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.