Muzinich & Co. Inc. Purchases 27,624 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Muzinich & Co. Inc. lifted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 237,302 shares of the credit services provider's stock after acquiring an additional 27,624 shares during the period. Oaktree Specialty Lending makes up 2.3% of Muzinich & Co. Inc.'s holdings, making the stock its 13th biggest holding. Muzinich & Co. Inc. owned 0.29% of Oaktree Specialty Lending worth $3,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFS Partners LLC raised its position in Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider's stock valued at $32,000 after buying an additional 1,660 shares during the last quarter. Canton Hathaway LLC purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $44,000. Spire Wealth Management purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $68,000. Geneos Wealth Management Inc. bought a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at about $93,000. Finally, SG Americas Securities LLC purchased a new position in Oaktree Specialty Lending during the fourth quarter worth about $106,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. B. Riley cut shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 target price on the stock. in a research report on Wednesday, December 11th. StockNews.com upgraded Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. Oppenheimer reissued a "market perform" rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Citizens Jmp lowered Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $16.75.

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Oaktree Specialty Lending Stock Performance

Shares of OCSL traded down $0.17 during mid-day trading on Monday, hitting $15.95. The stock had a trading volume of 810,165 shares, compared to its average volume of 639,335. Oaktree Specialty Lending Co. has a 52 week low of $14.89 and a 52 week high of $20.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. The business has a fifty day moving average price of $15.57 and a 200-day moving average price of $16.03. The firm has a market cap of $1.31 billion, a P/E ratio of 23.81 and a beta of 1.08.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.54. The business had revenue of $86.65 million for the quarter, compared to analysts' expectations of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. On average, equities research analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's payout ratio is currently 238.81%.

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.