20,368 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,368 shares of the credit services provider's stock, valued at approximately $311,000.

Other large investors also recently bought and sold shares of the company. PFS Partners LLC grew its stake in Oaktree Specialty Lending by 601.4% during the 3rd 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 acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $68,000. Geneos Wealth Management Inc. acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $93,000. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $106,000. Finally, EMC Capital Management raised its holdings in Oaktree Specialty Lending by 53.2% during 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 during the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Trading Down 0.3 %

Shares of NASDAQ:OCSL traded down $0.05 during midday trading on Friday, reaching $16.03. The company's stock had a trading volume of 509,352 shares, compared to its average volume of 616,610. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 23.93 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 Co. has a 1 year low of $14.89 and a 1 year high of $20.43. The business has a 50 day moving average price of $15.50 and a 200 day moving average price of $16.04.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm had revenue of $86.65 million during the quarter, compared to the consensus estimate of $91.93 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. Research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 9.98%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 328.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OCSL shares. Oppenheimer reaffirmed a "market perform" rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. B. Riley cut Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price target for the company. in a report on Wednesday, December 11th. Finally, Citizens Jmp cut Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, Oaktree Specialty Lending has an average rating of "Hold" and an average target price of $16.75.

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.