HighTower Advisors LLC Reduces Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

HighTower Advisors LLC reduced its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,788 shares of the credit services provider's stock after selling 17,289 shares during the quarter. HighTower Advisors LLC owned about 0.15% of Oaktree Specialty Lending worth $1,891,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Private Management Group Inc. grew its holdings in shares of Oaktree Specialty Lending by 51.3% in the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock valued at $32,534,000 after buying an additional 721,629 shares during the period. Rivernorth Capital Management LLC bought a new stake in Oaktree Specialty Lending in the 3rd quarter valued at $6,598,000. Bruni J V & Co. Co. lifted its stake in shares of Oaktree Specialty Lending by 26.0% during the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock worth $29,483,000 after buying an additional 398,241 shares during the last quarter. Sovran Advisors LLC bought a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth approximately $2,843,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Oaktree Specialty Lending in the 3rd quarter valued at $2,849,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. B. Riley cut shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective for the company. in a research report on Wednesday, December 11th. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $16.75.

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Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL traded down $0.17 during midday trading on Thursday, hitting $15.61. 754,642 shares of the company's stock were exchanged, compared to its average volume of 703,658. Oaktree Specialty Lending Co. has a 12-month low of $14.89 and a 12-month high of $19.95. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 23.30 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The business's fifty day moving average price is $15.79 and its two-hundred day moving average price is $15.89.

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

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 10.25%. Oaktree Specialty Lending's dividend payout ratio (DPR) is 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.