Whipplewood Advisors LLC Acquires New Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Whipplewood Advisors LLC bought a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,429 shares of the credit services provider’s stock, valued at approximately $465,000.

Other hedge funds also recently bought and sold shares of the company. GraniteShares Advisors LLC grew its stake in shares of Oaktree Specialty Lending by 44.2% in the 4th quarter. GraniteShares Advisors LLC now owns 161,818 shares of the credit services provider’s stock valued at $2,473,000 after buying an additional 49,631 shares in the last quarter. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter valued at approximately $44,000. Plan Group Financial LLC grew its position in Oaktree Specialty Lending by 12.9% in the fourth quarter. Plan Group Financial LLC now owns 43,594 shares of the credit services provider’s stock worth $666,000 after acquiring an additional 4,976 shares in the last quarter. Bfsg LLC grew its position in Oaktree Specialty Lending by 52.1% in the fourth quarter. Bfsg LLC now owns 12,555 shares of the credit services provider’s stock worth $192,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Oaktree Specialty Lending during the 4th quarter worth $311,000. 36.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OCSL has been the subject of several analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods decreased their price target 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. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, B. Riley downgraded 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. One equities 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 currently has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $15.92 on Thursday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 23.76 and a beta of 1.08. The business has a 50 day moving average price of $15.54 and a 200 day moving average price of $16.03. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $20.08.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $86.65 million during 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 in the prior year, the business earned $0.57 earnings per share. Research analysts predict that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 10.05%. Oaktree Specialty Lending’s dividend payout ratio is 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.