LSV Asset Management Cuts Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

LSV Asset Management decreased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,112,333 shares of the credit services provider’s stock after selling 25,000 shares during the quarter. LSV Asset Management’s holdings in Oaktree Specialty Lending were worth $22,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OCSL. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $41,000. Bfsg LLC purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $71,000. AdvisorNet Financial Inc increased its holdings in shares of Oaktree Specialty Lending by 21.4% in the fourth quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 900 shares during the last quarter. Adalta Capital Management LLC lifted its position in Oaktree Specialty Lending by 28.8% during the third quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock worth $137,000 after buying an additional 1,525 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in shares of Oaktree Specialty Lending during the 3rd quarter worth $213,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analysts Set New Price Targets

OCSL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Keefe, Bruyette & Woods cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $22.00 to $19.00 in a research note on Friday, February 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 target price on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. B. Riley lowered shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Monday, January 8th. Finally, Wells Fargo & Company upped their target price on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.67.

Insiders Place Their Bets

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $20.07 per share, for a total transaction of $40,140.00. Following the purchase, the director now directly owns 11,166 shares in the company, valued at $224,101.62. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $19.20 on Tuesday. Oaktree Specialty Lending Co. has a 12 month low of $18.09 and a 12 month high of $21.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $1.56 billion, a PE ratio of 14.33 and a beta of 1.06. The business’s fifty day moving average price is $19.50 and its 200 day moving average price is $19.95.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Oaktree Specialty Lending had a return on equity of 12.16% and a net margin of 25.90%. The company had revenue of $94.03 million for the quarter, compared to analyst estimates of $99.66 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. On average, sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.28 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.20 dividend on an annualized basis and a yield of 11.46%. Oaktree Specialty Lending’s dividend payout ratio is presently 164.18%.

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.