30,429 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC purchased a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 30,429 shares of the credit services provider’s stock, valued at approximately $465,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC lifted its holdings in shares of 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 buying an additional 689 shares during the period. Integrated Advisors Network LLC lifted its holdings in Oaktree Specialty Lending by 3.8% in the 3rd 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 position in shares of Oaktree Specialty Lending by 2.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock valued at $564,000 after purchasing an additional 830 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Oaktree Specialty Lending by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock worth $309,000 after purchasing an additional 998 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Oaktree Specialty Lending by 3.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 28,838 shares of the credit services provider’s stock worth $464,000 after purchasing an additional 1,030 shares during the last quarter. 36.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OCSL has been the subject of several recent research reports. B. Riley lowered shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods cut their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. Citizens Jmp cut 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 research report on Wednesday, December 18th. Finally, JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock opened at $15.92 on Thursday. Oaktree Specialty Lending Co. has a 12 month low of $14.89 and a 12 month high of $20.08. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.31 billion, a PE ratio of 23.76 and a beta of 1.08. The business has a fifty day simple moving average of $15.54 and a 200-day simple moving average of $16.03.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 period in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, sell-side analysts anticipate 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. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 10.05%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio is currently 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.