Oaktree Specialty Lending Co. (NASDAQ:OCSL) Position Lifted by Melia Wealth LLC

Melia Wealth LLC raised its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 801,216 shares of the credit services provider's stock after acquiring an additional 39,414 shares during the quarter. Oaktree Specialty Lending makes up about 6.4% of Melia Wealth LLC's investment portfolio, making the stock its 9th biggest position. Melia Wealth LLC owned about 0.97% of Oaktree Specialty Lending worth $12,243,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OCSL shares. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of "Hold" and an average target price of $16.42.

Oaktree Specialty Lending Trading Up 2.8 %

Shares of OCSL traded up $0.39 during midday trading on Thursday, hitting $14.37. The stock had a trading volume of 470,397 shares, compared to its average volume of 742,768. The stock's 50 day moving average is $15.29 and its 200 day moving average is $15.67. The firm has a market cap of $1.18 billion, a PE ratio of 21.45 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. Oaktree Specialty Lending Co. has a 1 year low of $12.50 and a 1 year high of $19.95.

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

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.14%. The ex-dividend date was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio is currently 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.