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

Strategic Financial Concepts LLC bought 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 & Exchange Commission. The institutional investor bought 20,368 shares of the credit services provider's stock, valued at approximately $311,000.

Several other large investors also recently made changes to their positions in OCSL. Confluence Investment Management LLC boosted its holdings in 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 valued at $1,993,000 after acquiring an additional 689 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Oaktree Specialty Lending by 4.8% in the third quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider's stock valued at $259,000 after acquiring an additional 730 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in Oaktree Specialty Lending by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider's stock valued at $372,000 after acquiring an additional 826 shares during the last quarter. Mandatum Life Insurance Co Ltd boosted its holdings in Oaktree Specialty Lending by 2.3% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider's stock valued at $564,000 after acquiring an additional 830 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Oaktree Specialty Lending by 5.6% in the third quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider's stock valued at $309,000 after acquiring an additional 998 shares during the last quarter. Institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Up 0.6 %

Shares of NASDAQ OCSL traded up $0.10 during mid-day trading on Friday, reaching $15.78. 513,757 shares of the company's stock were exchanged, compared to its average volume of 611,829. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 23.55 and a beta of 1.08. The company has a current ratio of 0.30, a quick ratio of 0.19 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $15.52 and a 200 day simple moving average of $16.05. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $20.43.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. As a group, equities analysts expect that Oaktree Specialty Lending Co. will post 2.07 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.14%. Oaktree Specialty Lending's payout ratio is presently 238.81%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities cut Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 19th. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. Oppenheimer reissued a "market perform" rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Keefe, Bruyette & Woods cut their target price 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, Wells Fargo & Company cut their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, Oaktree Specialty Lending currently has a consensus rating of "Hold" and a consensus target price of $16.75.

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.