JPMorgan Chase & Co. Has $2.50 Million Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

JPMorgan Chase & Co. increased its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 101.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,387 shares of the credit services provider's stock after purchasing an additional 82,464 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of Oaktree Specialty Lending worth $2,497,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Canton Hathaway LLC acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $44,000. Spire Wealth Management acquired a new position in Oaktree Specialty Lending during the fourth quarter worth $68,000. Geneos Wealth Management Inc. bought a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $93,000. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at $106,000. Finally, EMC Capital Management grew its holdings in shares of Oaktree Specialty Lending by 53.2% in the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock worth $133,000 after purchasing an additional 3,026 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

OCSL traded up $0.11 during midday trading on Friday, hitting $14.68. The company had a trading volume of 384,770 shares, compared to its average volume of 747,649. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.95. The firm's 50-day simple moving average is $15.10 and its 200-day simple moving average is $15.57. The company has a market capitalization of $1.21 billion, a PE ratio of 21.91 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued 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 business had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. During the same quarter last year, the business posted $0.57 earnings per share. Oaktree Specialty Lending's revenue for the quarter was down 11.6% compared to the same quarter last year. 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 company also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 10.90%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 238.81%.

Wall Street Analysts Forecast Growth

OCSL has been the subject of several analyst reports. 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 for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut 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 research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $16.25.

Oaktree Specialty Lending Company 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.