LSV Asset Management Sells 18,933 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

LSV Asset Management decreased its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 833,797 shares of the credit services provider’s stock after selling 18,933 shares during the quarter. LSV Asset Management’s holdings in Oaktree Specialty Lending were worth $12,740,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OCSL. Invesco Ltd. increased its stake in Oaktree Specialty Lending by 1,300.1% during the 4th quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider’s stock worth $13,384,000 after purchasing an additional 813,352 shares in the last quarter. Private Management Group Inc. increased its position in shares of Oaktree Specialty Lending by 51.3% during the fourth quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider’s stock worth $32,534,000 after acquiring an additional 721,629 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $8,225,000. Rivernorth Capital Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the third quarter worth $6,598,000. Finally, Bruni J V & Co. Co. lifted its position in Oaktree Specialty Lending by 26.0% in the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider’s stock valued at $29,483,000 after acquiring an additional 398,241 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 0.1 %

Shares of OCSL stock opened at $13.57 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 20.25 and a beta of 0.84. Oaktree Specialty Lending Co. has a 1 year low of $12.50 and a 1 year high of $19.95. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $15.71.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm had revenue of $86.65 million during the quarter, compared to the consensus estimate of $91.93 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. On average, research analysts predict that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 11.79%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 238.81%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OCSL. Keefe, Bruyette & Woods decreased their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.42.

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.