Private Management Group Inc. Grows Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Private Management Group Inc. increased its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 51.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,129,202 shares of the credit services provider's stock after purchasing an additional 721,629 shares during the period. Oaktree Specialty Lending accounts for 1.2% of Private Management Group Inc.'s investment portfolio, making the stock its 18th largest position. Private Management Group Inc. owned about 2.59% of Oaktree Specialty Lending worth $32,534,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in OCSL. Confluence Investment Management LLC lifted its holdings in shares of Oaktree Specialty Lending by 0.5% in the fourth quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider's stock worth $1,993,000 after buying an additional 689 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in Oaktree Specialty Lending by 4.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider's stock worth $259,000 after purchasing an additional 730 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in Oaktree Specialty Lending by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider's stock worth $372,000 after purchasing an additional 826 shares in the last quarter. Mandatum Life Insurance Co Ltd boosted its holdings in Oaktree Specialty Lending by 2.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider's stock valued at $564,000 after purchasing an additional 830 shares during the period. Finally, Apollon Wealth Management LLC grew its position in shares of Oaktree Specialty Lending by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider's stock valued at $309,000 after purchasing an additional 998 shares in the last quarter. Institutional investors own 36.79% of the company's stock.

Analysts Set New Price Targets

OCSL has been the topic of several research reports. JMP Securities cut shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 19th. B. Riley lowered shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective for the company. in a report on Wednesday, December 11th. Oppenheimer reaffirmed a "market perform" rating and set a $18.00 target price on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. Keefe, Bruyette & Woods reduced their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 20th. Finally, Citizens Jmp lowered Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, Oaktree Specialty Lending presently has an average rating of "Hold" and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Down 0.5 %

Oaktree Specialty Lending stock traded down $0.07 during mid-day trading on Friday, reaching $15.48. The stock had a trading volume of 886,241 shares, compared to its average volume of 611,829. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $20.43. The company has a 50-day moving average price of $15.59 and a two-hundred day moving average price of $16.15. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 23.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.19.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $86.65 million for the quarter, compared to the consensus estimate of $91.93 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The business's revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, analysts expect that Oaktree Specialty Lending Co. will post 2.07 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's payout ratio is 328.36%.

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.