LSV Asset Management Lowers Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

LSV Asset Management lowered its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 833,797 shares of the credit services provider's stock after selling 18,933 shares during the quarter. LSV Asset Management owned 1.01% of Oaktree Specialty Lending worth $12,740,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its stake in shares of Oaktree Specialty Lending by 1,300.1% during the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock worth $13,384,000 after purchasing an additional 813,352 shares in the last quarter. Private Management Group Inc. increased its stake in Oaktree Specialty Lending by 51.3% during the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock worth $32,534,000 after buying an additional 721,629 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in Oaktree Specialty Lending during the 4th quarter worth approximately $8,225,000. Rivernorth Capital Management LLC acquired a new position in shares of Oaktree Specialty Lending during the third quarter valued at approximately $6,598,000. Finally, Bruni J V & Co. Co. boosted its stake in shares of Oaktree Specialty Lending by 26.0% in the fourth quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock worth $29,483,000 after acquiring an additional 398,241 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Trading Up 2.6 %

NASDAQ:OCSL traded up $0.37 on Thursday, hitting $14.35. The stock had a trading volume of 810,382 shares, compared to its average volume of 820,118. The company has a fifty day moving average price of $15.29 and a two-hundred day moving average price of $15.67. Oaktree Specialty Lending Co. has a 1-year low of $12.50 and a 1-year high of $19.95. 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 market cap of $1.18 billion, a price-to-earnings ratio of 21.42 and a beta of 0.84.

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, hitting the consensus estimate of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The company had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. During the same period in the prior year, the business posted $0.57 earnings per share. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 dividend yield of 11.15%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio is presently 238.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $16.42.

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.