68,794 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Bought by Vista Investment Partners II LLC

Vista Investment Partners II LLC purchased a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 68,794 shares of the credit services provider's stock, valued at approximately $1,051,000. Vista Investment Partners II LLC owned about 0.08% of Oaktree Specialty Lending as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of OCSL. Private Management Group Inc. boosted its position in Oaktree Specialty Lending by 51.3% during the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock valued at $32,534,000 after purchasing an additional 721,629 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Oaktree Specialty Lending by 3.5% during the fourth quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider's stock valued at $32,006,000 after acquiring an additional 71,808 shares during the period. Bruni J V & Co. Co. grew its position in shares of Oaktree Specialty Lending by 26.0% during the fourth quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock worth $29,483,000 after acquiring an additional 398,241 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in Oaktree Specialty Lending in the 3rd quarter valued at approximately $6,598,000. Finally, Rezny Wealth Management Inc. raised 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 valued at $4,187,000 after acquiring an additional 16,544 shares in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

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Oaktree Specialty Lending Stock Down 1.1 %

Shares of Oaktree Specialty Lending stock traded down $0.17 during trading on Thursday, hitting $15.56. 1,736,366 shares of the stock traded hands, compared to its average volume of 697,657. The company has a fifty day moving average price of $15.69 and a two-hundred day moving average price of $15.98. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $20.01. The stock has a market cap of $1.28 billion, a P/E ratio of 23.22 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. During the same quarter in the prior year, the business posted $0.57 EPS. Oaktree Specialty Lending's quarterly revenue was down 11.6% on a year-over-year basis. Equities research analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business 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 $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.28%. Oaktree Specialty Lending's dividend payout ratio is currently 238.81%.

Analyst Ratings Changes

A number of brokerages have recently commented on OCSL. Citizens Jmp lowered Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 19th. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. Oppenheimer restated a "market perform" rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Finally, B. Riley downgraded Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 target price on the stock. in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.