Round Rock Advisors LLC Buys Shares of 23,676 Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Round Rock Advisors LLC bought a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,676 shares of the credit services provider's stock, valued at approximately $362,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFS Partners LLC increased its holdings 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 buying an additional 1,660 shares during the last quarter. Spire Wealth Management purchased a new stake in Oaktree Specialty Lending during the fourth quarter worth about $68,000. Geneos Wealth Management Inc. purchased a new stake in Oaktree Specialty Lending during the fourth quarter worth about $93,000. SG Americas Securities LLC purchased a new stake in Oaktree Specialty Lending during the fourth quarter worth about $106,000. Finally, EMC Capital Management increased its stake in shares of Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock worth $133,000 after purchasing an additional 3,026 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. B. Riley downgraded 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 note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. JMP Securities downgraded shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 19th. Finally, Citizens Jmp downgraded shares of Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Oaktree Specialty Lending currently has an average rating of "Hold" and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Up 2.0 %

Shares of OCSL stock traded up $0.31 during mid-day trading on Wednesday, reaching $15.82. 716,394 shares of the company's stock traded hands, compared to its average volume of 601,212. Oaktree Specialty Lending Co. has a 12 month low of $14.89 and a 12 month high of $20.43. The company has a market cap of $1.30 billion, a P/E ratio of 21.97 and a beta of 1.08. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62. The company's 50-day moving average price is $15.63 and its 200-day moving average price is $16.19.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 15.17% and a return on equity of 11.91%. The firm had revenue of $86.65 million for the quarter, compared to analysts' expectations of $91.93 million. During the same quarter in the previous year, the business posted $0.57 EPS. The company's quarterly revenue was down 11.6% on a year-over-year basis. On average, equities analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 13.90%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending's payout ratio is 305.56%.

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.