Register Financial Advisors LLC Has $170,000 Stock Holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Register Financial Advisors LLC cut its holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 6.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,043 shares of the credit services provider’s stock after selling 744 shares during the period. Register Financial Advisors LLC’s holdings in Oaktree Specialty Lending were worth $170,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OCSL. Strategic Financial Concepts LLC bought a new stake in Oaktree Specialty Lending in the fourth quarter worth $311,000. Canton Hathaway LLC acquired a new position in Oaktree Specialty Lending during the 4th quarter worth $44,000. GraniteShares Advisors LLC boosted its holdings in Oaktree Specialty Lending by 44.2% during the fourth quarter. GraniteShares Advisors LLC now owns 161,818 shares of the credit services provider’s stock valued at $2,473,000 after acquiring an additional 49,631 shares during the period. Whipplewood Advisors LLC bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at about $465,000. Finally, Muzinich & Co. Inc. boosted its holdings in Oaktree Specialty Lending by 13.2% during the fourth quarter. Muzinich & Co. Inc. now owns 237,302 shares of the credit services provider’s stock valued at $3,626,000 after acquiring an additional 27,624 shares during the period. 36.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Oaktree Specialty Lending news, insider Armen Panossian acquired 8,000 shares of Oaktree Specialty Lending stock in a transaction on Thursday, May 15th. The shares were purchased at an average cost of $14.13 per share, with a total value of $113,040.00. Following the completion of the purchase, the insider now owns 20,789 shares in the company, valued at $293,748.57. The trade was a 62.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson acquired 14,910 shares of Oaktree Specialty Lending stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $13.41 per share, for a total transaction of $199,943.10. Following the completion of the purchase, the director now owns 71,667 shares of the company’s stock, valued at approximately $961,054.47. The trade was a 26.27% increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OCSL has been the subject of several research reports. B. Riley assumed coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $14.00 target price for the company. Keefe, Bruyette & Woods lowered their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Wall Street Zen lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, Oaktree Specialty Lending presently has a consensus rating of “Hold” and an average target price of $15.83.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $13.71 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 105.46 and a beta of 0.70. The company has a 50 day moving average of $14.16 and a 200-day moving average of $15.01. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Corp. has a 1-year low of $12.50 and a 1-year high of $19.05.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a return on equity of 11.77% and a net margin of 2.55%. The firm had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. During the same period in the previous year, the business posted $0.56 EPS. On average, equities analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 11.67%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 1,230.77%.

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.