Van ECK Associates Corp grew its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,094,609 shares of the credit services provider's stock after buying an additional 71,808 shares during the quarter. Van ECK Associates Corp owned approximately 2.55% of Oaktree Specialty Lending worth $32,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Private Management Group Inc. grew its position in Oaktree Specialty Lending by 51.3% in 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. Bruni J V & Co. Co. lifted its stake in shares of Oaktree Specialty Lending by 1.3% in the 3rd quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider's stock valued at $24,975,000 after purchasing an additional 19,790 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Oaktree Specialty Lending by 7.5% in the third quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider's stock worth $9,515,000 after purchasing an additional 40,641 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Oaktree Specialty Lending by 148.2% during the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider's stock worth $6,664,000 after buying an additional 243,963 shares during the last quarter. Finally, Rivernorth Capital Management LLC bought a new position in Oaktree Specialty Lending during the third quarter valued at about $6,598,000. Institutional investors own 36.79% of the company's stock.
A number of research analysts have recently commented on the company. B. Riley lowered Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating for the company in a report on Tuesday, October 29th. Keefe, Bruyette & Woods dropped their target price on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Wednesday, November 20th. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, Oppenheimer reaffirmed a "market perform" rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. 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 stock has an average rating of "Hold" and a consensus price target of $16.75.
View Our Latest Stock Report on Oaktree Specialty Lending
OCSL traded up $0.10 on Friday, hitting $15.78. 513,757 shares of the stock traded hands, compared to its average volume of 611,829. The business has a fifty day moving average price of $15.52 and a two-hundred day moving average price of $16.08. The company has a current ratio of 0.30, a quick ratio of 0.19 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.30 billion, a PE ratio of 23.55 and a beta of 1.08. Oaktree Specialty Lending Co. has a 52 week low of $14.89 and a 52 week high of $20.43.
Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) 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 business had revenue of $86.65 million for the quarter, compared to analysts' expectations of $91.93 million. During the same period in the previous year, the business posted $0.57 earnings per share. Oaktree Specialty Lending's quarterly revenue was down 11.6% on a year-over-year basis. On average, research analysts predict that Oaktree Specialty Lending Co. will post 2.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's payout ratio is 328.36%.
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.
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