Triad Investment Management Boosts Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Triad Investment Management raised its position in Oaktree Specialty Lending Co. (NASDAQ:OCSLFree Report) by 38.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 185,300 shares of the credit services provider’s stock after acquiring an additional 51,369 shares during the quarter. Oaktree Specialty Lending makes up 4.4% of Triad Investment Management’s portfolio, making the stock its 8th biggest holding. Triad Investment Management owned 0.23% of Oaktree Specialty Lending worth $3,643,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cape Investment Advisory Inc. bought a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $39,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth about $41,000. Bfsg LLC purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth about $71,000. AdvisorNet Financial Inc grew its position in shares of Oaktree Specialty Lending by 21.4% during the fourth quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 900 shares in the last quarter. Finally, Adalta Capital Management LLC grew its position in shares of Oaktree Specialty Lending by 28.8% during the third quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock worth $137,000 after purchasing an additional 1,525 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

Analyst Ratings Changes

OCSL has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their target price on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. JMP Securities reiterated a “market outperform” rating and set a $21.00 target price on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.67.

Check Out Our Latest Stock Report on Oaktree Specialty Lending

Oaktree Specialty Lending Price Performance

NASDAQ OCSL traded down $0.12 during trading on Tuesday, hitting $18.74. 253,174 shares of the stock traded hands, compared to its average volume of 615,365. The company has a market capitalization of $1.53 billion, a P/E ratio of 14.07 and a beta of 1.09. The firm has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $19.87. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.59. Oaktree Specialty Lending Co. has a 12-month low of $18.41 and a 12-month high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSLGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). The firm had revenue of $94.03 million for the quarter, compared to analysts’ expectations of $99.66 million. Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. During the same quarter in the prior year, the business earned $0.62 EPS. As a group, analysts predict that Oaktree Specialty Lending Co. will post 2.28 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date is Friday, June 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 164.18%.

Oaktree Specialty Lending Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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