Bruni J V & Co. Co. Buys 398,241 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Bruni J V & Co. Co. lifted its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,929,491 shares of the credit services provider's stock after buying an additional 398,241 shares during the quarter. Oaktree Specialty Lending comprises approximately 3.3% of Bruni J V & Co. Co.'s holdings, making the stock its 16th biggest position. Bruni J V & Co. Co. owned approximately 2.35% of Oaktree Specialty Lending worth $29,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in OCSL. Private Management Group Inc. lifted its position in shares of Oaktree Specialty Lending by 51.3% in the fourth quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock valued at $32,534,000 after buying an additional 721,629 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in Oaktree Specialty Lending during the 3rd quarter valued at $6,598,000. Harbor Capital Advisors Inc. boosted its position in Oaktree Specialty Lending by 148.2% during the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider's stock worth $6,664,000 after purchasing an additional 243,963 shares during the period. Sovran Advisors LLC acquired a new position in shares of Oaktree Specialty Lending in the fourth quarter valued at $2,843,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Oaktree Specialty Lending in the third quarter valued at about $2,849,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

OCSL has been the subject of several research reports. Keefe, Bruyette & Woods dropped their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. JMP Securities downgraded shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. Citizens Jmp lowered shares of Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Finally, StockNews.com raised 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's stock. According to data from MarketBeat.com, Oaktree Specialty Lending presently has a consensus rating of "Hold" and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Up 1.4 %

OCSL traded up $0.22 during midday trading on Tuesday, hitting $16.17. The company had a trading volume of 2,141,848 shares, compared to its average volume of 680,528. The stock's 50 day moving average price is $15.59 and its 200 day moving average price is $16.02. Oaktree Specialty Lending Co. has a 52 week low of $14.89 and a 52 week high of $20.01. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 24.13 and a beta of 1.08. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63.

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 analysts' consensus estimates of $0.54. The company 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%. Oaktree Specialty Lending's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. On average, research 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 firm 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.89%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending's payout ratio is presently 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.