Arnhold LLC Buys 32,500 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Arnhold LLC lifted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 25.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,680 shares of the credit services provider's stock after purchasing an additional 32,500 shares during the period. Arnhold LLC owned approximately 0.19% of Oaktree Specialty Lending worth $2,440,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OCSL. Confluence Investment Management LLC raised its stake in shares of Oaktree Specialty Lending by 0.5% during the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider's stock worth $1,993,000 after purchasing an additional 689 shares in the last quarter. Mandatum Life Insurance Co Ltd lifted its stake in Oaktree Specialty Lending by 2.3% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider's stock valued at $564,000 after acquiring an additional 830 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its stake in Oaktree Specialty Lending by 10.9% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider's stock valued at $285,000 after acquiring an additional 1,830 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Oaktree Specialty Lending by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock valued at $416,000 after acquiring an additional 1,983 shares during the last quarter. Finally, Barclays PLC lifted its stake 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 acquiring an additional 2,140 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OCSL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their target price 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. Wells Fargo & Company reduced their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday. One equities 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, the stock presently has an average rating of "Hold" and an average target price of $16.00.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ:OCSL traded up $0.21 during trading on Monday, reaching $14.89. The stock had a trading volume of 376,886 shares, compared to its average volume of 746,166. Oaktree Specialty Lending Co. has a 52 week low of $12.50 and a 52 week high of $19.95. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.22 and a beta of 0.84. 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 stock has a fifty day simple moving average of $15.08 and a two-hundred day simple moving average of $15.55.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS 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 company had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. During the same quarter last year, the firm posted $0.57 earnings per share. The company's quarterly revenue was down 11.6% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is currently 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.