Corient Private Wealth LLC Buys 29,502 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Corient Private Wealth LLC grew its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 102.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,241 shares of the credit services provider's stock after purchasing an additional 29,502 shares during the period. Corient Private Wealth LLC owned about 0.07% of Oaktree Specialty Lending worth $890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canton Hathaway LLC bought a new position in Oaktree Specialty Lending in the fourth quarter worth $44,000. Spire Wealth Management acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at $68,000. Geneos Wealth Management Inc. bought a new position in shares of Oaktree Specialty Lending during the 4th quarter worth about $93,000. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at about $106,000. Finally, EMC Capital Management increased its stake 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 valued at $133,000 after acquiring an additional 3,026 shares during the period. Institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

OCSL traded down $0.14 during midday trading on Monday, hitting $15.36. The company had a trading volume of 765,884 shares, compared to its average volume of 711,773. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $19.95. The firm's 50-day simple moving average is $15.78 and its 200-day simple moving average is $15.87. The company has a market capitalization of $1.26 billion, a PE ratio of 22.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30.

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Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. The firm had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. Equities research analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 10.42%. Oaktree Specialty Lending's payout ratio is presently 238.81%.

Wall Street Analyst Weigh In

A number of research analysts have commented on OCSL shares. StockNews.com upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. B. Riley downgraded Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 target price for the company. in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, Oaktree Specialty Lending presently has a consensus rating of "Hold" and a consensus target price of $16.75.

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.