Arnhold LLC Raises Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Arnhold LLC lifted its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,680 shares of the credit services provider’s stock after purchasing an additional 32,500 shares during the period. Arnhold LLC’s holdings in Oaktree Specialty Lending were worth $2,440,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in OCSL. Canton Hathaway LLC purchased a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth $44,000. Spire Wealth Management bought a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $68,000. Geneos Wealth Management Inc. bought a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $93,000. SG Americas Securities LLC purchased a new stake in Oaktree Specialty Lending in the fourth quarter worth about $106,000. Finally, EMC Capital Management grew its holdings in Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock worth $133,000 after acquiring an additional 3,026 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 1.0 %

NASDAQ OCSL opened at $14.57 on Friday. Oaktree Specialty Lending Co. has a 52 week low of $12.50 and a 52 week high of $19.95. The company has a 50 day moving average price of $15.13 and a 200 day moving average price of $15.58. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.20 billion, a PE ratio of 21.75 and a beta of 0.84.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued 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 business had revenue of $86.65 million for the quarter, compared to the consensus estimate of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, sell-side analysts forecast that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.98%. The ex-dividend date was Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio is presently 238.81%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OCSL. JPMorgan Chase & Co. reduced 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 report on Thursday. Keefe, Bruyette & Woods reduced their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.25.

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.