Plan Group Financial LLC Increases Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Plan Group Financial LLC increased its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,594 shares of the credit services provider’s stock after purchasing an additional 4,976 shares during the quarter. Plan Group Financial LLC owned approximately 0.05% of Oaktree Specialty Lending worth $666,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PFS Partners LLC boosted its holdings in shares of Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after buying an additional 1,660 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $68,000. Geneos Wealth Management Inc. purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $93,000. SG Americas Securities LLC bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $106,000. Finally, EMC Capital Management grew its holdings in Oaktree Specialty Lending by 53.2% during the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock valued at $133,000 after purchasing an additional 3,026 shares during the period. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock opened at $15.95 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.19 and a current ratio of 0.30. The firm’s fifty day moving average price is $15.50 and its 200-day moving average price is $16.04. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $20.43. The stock has a market cap of $1.31 billion, a P/E ratio of 23.81 and a beta of 1.08.

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 for the quarter, meeting analysts’ consensus estimates of $0.54. The company 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%. Oaktree Specialty Lending’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. On average, equities research analysts expect that Oaktree Specialty Lending Co. will post 2.07 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.03%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio is 328.36%.

Wall Street Analysts Forecast Growth

OCSL has been the subject of a number of research reports. JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods cut their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. Oppenheimer reissued a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Finally, StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.75.

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.