GraniteShares Advisors LLC Has $2.47 Million Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

GraniteShares Advisors LLC grew its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 44.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 161,818 shares of the credit services provider's stock after purchasing an additional 49,631 shares during the period. Oaktree Specialty Lending makes up approximately 1.6% of GraniteShares Advisors LLC's holdings, making the stock its 20th biggest position. GraniteShares Advisors LLC owned 0.20% of Oaktree Specialty Lending worth $2,473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC bought a new position in Oaktree Specialty Lending in the 3rd quarter worth about $2,849,000. Barclays PLC lifted its stake in shares of Oaktree Specialty Lending by 2.1% in the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock worth $1,725,000 after acquiring an additional 2,140 shares during the period. Stifel Financial Corp lifted its stake in shares of Oaktree Specialty Lending by 21.2% in the 3rd quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider's stock worth $885,000 after acquiring an additional 9,495 shares during the period. Private Management Group Inc. lifted its stake in shares of Oaktree Specialty Lending by 91.5% in the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider's stock worth $22,958,000 after acquiring an additional 672,561 shares during the period. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth approximately $6,598,000. Institutional investors own 36.79% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citizens Jmp lowered shares of Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 19th. 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. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. JMP Securities lowered shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. Finally, B. Riley lowered shares of 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. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, Oaktree Specialty Lending currently has an average rating of "Hold" and a consensus price target of $16.75.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL traded up $0.14 during midday trading on Friday, reaching $16.12. 811,349 shares of the company's stock were exchanged, compared to its average volume of 634,950. The company's 50 day simple moving average is $15.57 and its two-hundred day simple moving average is $16.03. The firm has a market capitalization of $1.33 billion, a PE ratio of 24.06 and a beta of 1.08. Oaktree Specialty Lending Co. has a 12 month low of $14.89 and a 12 month high of $20.01. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. The company had revenue of $86.65 million during 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 firm's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. Equities research analysts expect 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. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) 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.