Advisors Asset Management Inc. Has $2.76 Million Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Advisors Asset Management Inc. decreased its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,648 shares of the credit services provider’s stock after selling 36,673 shares during the quarter. Advisors Asset Management Inc. owned 0.22% of Oaktree Specialty Lending worth $2,760,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Confluence Investment Management LLC raised its stake in Oaktree Specialty Lending by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock worth $1,993,000 after acquiring an additional 689 shares in the last quarter. Mandatum Life Insurance Co Ltd grew its holdings in shares of Oaktree Specialty Lending by 2.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock worth $564,000 after purchasing an additional 830 shares during the last quarter. Jackson Hole Capital Partners LLC grew its holdings in shares of Oaktree Specialty Lending by 10.9% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider’s stock worth $285,000 after purchasing an additional 1,830 shares during the last quarter. Barclays PLC grew its holdings in shares of Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock worth $1,725,000 after purchasing an additional 2,140 shares during the last quarter. Finally, Entropy Technologies LP grew its holdings in shares of Oaktree Specialty Lending by 7.0% during the fourth quarter. Entropy Technologies LP now owns 35,851 shares of the credit services provider’s stock worth $548,000 after purchasing an additional 2,350 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OCSL shares. Oppenheimer restated a “market perform” rating and set a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a report on Wednesday, December 11th. Finally, StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $15.62 on Friday. The business’s 50 day simple moving average is $15.76 and its 200 day simple moving average is $15.92. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $19.95. The stock has a market capitalization of $1.28 billion, a PE ratio of 23.31 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly 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 analysts’ expectations of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. As a group, research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 dividend yield of 10.24%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s payout ratio is 238.81%.

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.