Arlington Capital Management Inc. Makes New $740,000 Investment in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Arlington Capital Management Inc. bought a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,429 shares of the credit services provider's stock, valued at approximately $740,000. Arlington Capital Management Inc. owned about 0.06% of Oaktree Specialty Lending as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC bought a new stake in Oaktree Specialty Lending during the 3rd quarter worth about $2,849,000. Barclays PLC lifted its holdings in Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock valued at $1,725,000 after buying an additional 2,140 shares during the period. Stifel Financial Corp boosted its stake in Oaktree Specialty Lending by 21.2% in the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider's stock valued at $885,000 after acquiring an additional 9,495 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in Oaktree Specialty Lending during the 3rd quarter worth $6,598,000. Finally, MML Investors Services LLC bought a new stake in shares of Oaktree Specialty Lending during the 3rd quarter valued at $175,000. Institutional investors own 36.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OCSL. B. Riley cut 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. StockNews.com upgraded Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $16.75.

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Oaktree Specialty Lending Trading Down 0.7 %

Shares of Oaktree Specialty Lending stock traded down $0.11 during trading hours on Friday, hitting $15.50. The company's stock had a trading volume of 626,610 shares, compared to its average volume of 711,557. Oaktree Specialty Lending Co. has a 12 month low of $14.89 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 market capitalization of $1.27 billion, a PE ratio of 23.13 and a beta of 1.05. The stock has a 50 day moving average of $15.78 and a 200 day moving average of $15.88.

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 analysts' consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The firm had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The business's revenue was down 11.6% on a year-over-year basis. Analysts predict that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 10.32%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's payout ratio is presently 238.81%.

About Oaktree Specialty Lending

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.