153,731 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Purchased by Naviter Wealth LLC

Naviter Wealth LLC acquired a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 153,731 shares of the credit services provider's stock, valued at approximately $2,349,000. Naviter Wealth LLC owned about 0.19% of Oaktree Specialty Lending at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Catalina Capital Group LLC purchased a new stake in shares of Oaktree Specialty Lending during the 3rd quarter valued at $178,000. Confluence Investment Management LLC increased its stake in Oaktree Specialty Lending by 7.8% in the third quarter. Confluence Investment Management LLC now owns 129,721 shares of the credit services provider's stock valued at $2,116,000 after acquiring an additional 9,438 shares during the last quarter. Financial Strategies Group Inc. raised its position in Oaktree Specialty Lending by 51.0% during the third quarter. Financial Strategies Group Inc. now owns 28,181 shares of the credit services provider's stock valued at $462,000 after purchasing an additional 9,515 shares in the last quarter. PFS Partners LLC lifted its stake in Oaktree Specialty Lending by 601.4% during the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider's stock worth $32,000 after purchasing an additional 1,660 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of Oaktree Specialty Lending by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider's stock worth $309,000 after purchasing an additional 998 shares in the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.

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Oaktree Specialty Lending Trading Up 0.3 %

OCSL traded up $0.04 during midday trading on Wednesday, reaching $15.73. 920,194 shares of the company's stock traded hands, compared to its average volume of 692,919. 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 firm has a fifty day moving average of $15.68 and a two-hundred day moving average of $15.98. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 23.48 and a beta of 1.05.

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

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.17%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio is currently 238.81%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. Oppenheimer restated a "market perform" rating and set a $18.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. B. Riley lowered Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 target price for the company. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Finally, JMP Securities lowered Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.75.

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.