Trexquant Investment LP Purchases Shares of 19,344 Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Trexquant Investment LP acquired a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,344 shares of the credit services provider's stock, valued at approximately $296,000.

Several other large investors have also modified their holdings of the stock. Barclays PLC boosted its stake in Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock valued at $1,725,000 after acquiring an additional 2,140 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Oaktree Specialty Lending by 21.2% in the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider's stock valued at $885,000 after acquiring an additional 9,495 shares during the period. Rivernorth Capital Management LLC purchased a new position in shares of Oaktree Specialty Lending during the third quarter worth approximately $6,598,000. MML Investors Services LLC purchased a new stake in Oaktree Specialty Lending in the 3rd quarter valued at $175,000. Finally, Rezny Wealth Management Inc. boosted its stake in Oaktree Specialty Lending by 6.4% during the 4th quarter. Rezny Wealth Management Inc. now owns 274,035 shares of the credit services provider's stock worth $4,187,000 after purchasing an additional 16,544 shares during the period. Institutional investors and hedge funds own 36.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. StockNews.com upgraded Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, Oaktree Specialty Lending currently has an average rating of "Hold" and an average target price of $16.42.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL traded up $0.38 during midday trading on Thursday, hitting $14.36. The company had a trading volume of 640,317 shares, compared to its average volume of 743,223. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 21.44 and a beta of 0.84. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.95. The business has a 50-day simple moving average of $15.29 and a two-hundred day simple moving average of $15.67. 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 (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. 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 company's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. Equities research analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.14%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is 238.81%.

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.