Sumitomo Mitsui Trust Group Inc. Has $3.44 Million Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,306 shares of the credit services provider's stock after buying an additional 24,636 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Oaktree Specialty Lending worth $3,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Private Management Group Inc. boosted its holdings in 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 worth $32,534,000 after purchasing an additional 721,629 shares during the period. Rivernorth Capital Management LLC acquired a new position in Oaktree Specialty Lending in the third quarter worth $6,598,000. Harbor Capital Advisors Inc. boosted its holdings in Oaktree Specialty Lending by 148.2% in 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. Kovitz Investment Group Partners LLC acquired a new position in Oaktree Specialty Lending in the third quarter worth $2,849,000. Finally, Van ECK Associates Corp boosted its holdings in Oaktree Specialty Lending by 7.3% in the third quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider's stock worth $32,567,000 after purchasing an additional 137,508 shares during the period. Institutional investors and hedge funds own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

OCSL has been the subject of a number of research reports. B. Riley downgraded shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective for the company. in a report on Wednesday, December 11th. Oppenheimer reiterated 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. 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. JMP Securities cut Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. Finally, 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. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ OCSL traded up $0.10 during midday trading on Monday, reaching $15.78. 513,757 shares of the company traded hands, compared to its average volume of 611,829. Oaktree Specialty Lending Co. has a 52 week low of $14.89 and a 52 week high of $20.43. The stock has a 50-day moving average price of $15.51 and a 200 day moving average price of $16.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.19. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 23.55 and a beta of 1.08.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released 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 firm 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 period in the previous year, the company earned $0.57 earnings per share. Sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.07 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's payout ratio is currently 328.36%.

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.