Private Management Group Inc. boosted its holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL – Free Report) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,869,484 shares of the credit services provider’s stock after acquiring an additional 147,990 shares during the quarter. Oaktree Specialty Lending accounts for approximately 1.2% of Private Management Group Inc.’s holdings, making the stock its 12th largest position. Private Management Group Inc. owned approximately 4.39% of Oaktree Specialty Lending worth $46,202,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of OCSL. Bruni J V & Co. Co. lifted its stake in Oaktree Specialty Lending by 0.3% during the 4th quarter. Bruni J V & Co. Co. now owns 2,495,710 shares of the credit services provider’s stock valued at $31,795,000 after acquiring an additional 8,691 shares during the period. Van ECK Associates Corp raised its stake in Oaktree Specialty Lending by 28.9% during the 2nd quarter. Van ECK Associates Corp now owns 2,195,651 shares of the credit services provider’s stock valued at $26,216,000 after buying an additional 492,070 shares during the last quarter. UBS Group AG lifted its holdings in shares of Oaktree Specialty Lending by 47.5% during the 4th quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock valued at $16,991,000 after buying an additional 429,303 shares during the period. Rivernorth Capital Management LLC lifted its holdings in shares of Oaktree Specialty Lending by 1.0% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,279,906 shares of the credit services provider’s stock valued at $14,463,000 after buying an additional 12,208 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Oaktree Specialty Lending by 25.6% during the 3rd quarter. Invesco Ltd. now owns 886,847 shares of the credit services provider’s stock valued at $11,573,000 after buying an additional 181,023 shares during the period. Institutional investors own 36.79% of the company’s stock.
Wall Street Analyst Weigh In
OCSL has been the subject of several research analyst reports. Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. B. Riley Financial reissued a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Wall Street Zen downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Tuesday, August 25th. Finally, Oppenheimer set a $13.00 price target on shares of Oaktree Specialty Lending in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Oaktree Specialty Lending presently has a consensus rating of “Hold” and a consensus price target of $11.83.
Oaktree Specialty Lending Stock Performance
Shares of NASDAQ OCSL opened at $13.02 on Friday. The stock has a market cap of $1.15 billion, a PE ratio of 27.12 and a beta of 0.49. Oaktree Specialty Lending Corp. has a 1 year low of $10.63 and a 1 year high of $14.31. The firm has a fifty day moving average price of $12.27 and a 200-day moving average price of $12.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.19 and a quick ratio of 0.19.
Oaktree Specialty Lending (NASDAQ:OCSL – Get Free Report) last released its earnings results on Tuesday, August 4th. The credit services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. The company had revenue of $69.15 million for the quarter, compared to analysts’ expectations of $69.40 million. Equities analysts anticipate that Oaktree Specialty Lending Corp. will post 1.51 earnings per share for the current fiscal year.
Oaktree Specialty Lending Cuts Dividend
The business also recently disclosed 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. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 250.00%.
Oaktree Specialty Lending 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.
Featured Articles
- Five stocks we like better than Oaktree Specialty Lending
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Oaktree Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.
