Centaurus Financial Inc. acquired a new stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 159,125 shares of the credit services provider’s stock, valued at approximately $1,900,000.
A number of other institutional investors also recently bought and sold shares of OCSL. Melia Wealth LLC bought a new stake in shares of Oaktree Specialty Lending during the 2nd quarter valued at about $8,707,000. Corient Private Wealth LP purchased a new stake in shares of Oaktree Specialty Lending during the 2nd quarter valued at about $264,000. Bank of America Corp DE bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $1,794,000. Castlekeep Investment Advisors LLC bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $3,459,000. Finally, Legal & General Group Plc purchased a new position in shares of Oaktree Specialty Lending in the second quarter worth approximately $8,980,000. Institutional investors own 36.79% of the company’s stock.
Oaktree Specialty Lending Stock Down 0.7%
NASDAQ OCSL opened at $12.97 on Friday. Oaktree Specialty Lending Corp. has a 52 week low of $10.63 and a 52 week high of $14.31. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.14 billion, a P/E ratio of 27.02 and a beta of 0.49. The stock’s 50-day moving average price is $12.24 and its 200-day moving average price is $11.99.
Oaktree Specialty Lending Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.12 annualized dividend and a yield of 0.9%. Oaktree Specialty Lending’s payout ratio is currently 250.00%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on OCSL shares. Oppenheimer set a $13.00 target price on shares of Oaktree Specialty Lending in a research report on Wednesday, May 6th. B. Riley Financial reiterated a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Wall Street Zen cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Weiss Ratings raised shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.83.
Get Our Latest Stock Report on OCSL
Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.
The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.
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