Invesco Ltd. Acquires 813,352 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Invesco Ltd. grew its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 1,300.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 875,913 shares of the credit services provider's stock after purchasing an additional 813,352 shares during the period. Invesco Ltd. owned approximately 1.06% of Oaktree Specialty Lending worth $13,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of OCSL. Confluence Investment Management LLC lifted its stake in Oaktree Specialty Lending by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider's stock valued at $1,993,000 after acquiring an additional 689 shares in the last quarter. Mandatum Life Insurance Co Ltd raised its holdings in shares of 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 purchasing an additional 830 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its position in shares of 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 worth $285,000 after purchasing an additional 1,830 shares in the last quarter. Barclays PLC boosted its holdings in Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock worth $1,725,000 after purchasing an additional 2,140 shares during the last quarter. Finally, Entropy Technologies LP grew its position in Oaktree Specialty Lending by 7.0% in the fourth quarter. Entropy Technologies LP now owns 35,851 shares of the credit services provider's stock valued at $548,000 after purchasing an additional 2,350 shares in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock traded up $0.11 during trading on Friday, reaching $14.68. 384,770 shares of the company's stock were exchanged, compared to its average volume of 746,269. The firm's fifty day moving average price is $15.10 and its 200-day moving average price is $15.57. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.95. The stock has a market capitalization of $1.21 billion, a PE ratio of 21.91 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.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate 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 period in the prior year, the firm earned $0.57 earnings per share. The company's revenue was down 11.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.90%. Oaktree Specialty Lending's dividend payout ratio (DPR) is currently 238.81%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Oaktree Specialty Lending has a consensus rating of "Hold" and a consensus price target of $16.25.

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.