Oaktree Specialty Lending Corp. $OCSL Position Cut by LSV Asset Management

LSV Asset Management reduced its holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 50.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,766 shares of the credit services provider’s stock after selling 151,637 shares during the quarter. LSV Asset Management owned 0.17% of Oaktree Specialty Lending worth $1,941,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Oaktree Specialty Lending by 34.3% in the first quarter. Royal Bank of Canada now owns 468,879 shares of the credit services provider’s stock worth $7,201,000 after purchasing an additional 119,775 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Oaktree Specialty Lending by 23.0% in the second quarter. Atria Wealth Solutions Inc. now owns 23,186 shares of the credit services provider’s stock worth $317,000 after purchasing an additional 4,331 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Oaktree Specialty Lending by 7.1% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 240,769 shares of the credit services provider’s stock valued at $3,289,000 after buying an additional 16,061 shares in the last quarter. Whipplewood Advisors LLC increased its stake in Oaktree Specialty Lending by 138,043.4% during the 2nd quarter. Whipplewood Advisors LLC now owns 73,216 shares of the credit services provider’s stock valued at $1,000,000 after buying an additional 73,163 shares during the period. Finally, Pasadena Private Wealth LLC bought a new stake in shares of Oaktree Specialty Lending during the 2nd quarter worth about $395,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

OCSL opened at $12.14 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.07 billion, a PE ratio of 33.72 and a beta of 0.52. The business has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $13.23. Oaktree Specialty Lending Corp. has a fifty-two week low of $11.94 and a fifty-two week high of $16.29.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Wednesday, February 4th. The credit services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.The business had revenue of $74.48 million during the quarter, compared to the consensus estimate of $75.72 million. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, equities analysts predict that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Monday, March 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 444.44%.

Analysts Set New Price Targets

Several research firms have recently issued reports on OCSL. Zacks Research cut shares of Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Wells Fargo & Company cut their target price on Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Lucid Cap Mkts raised Oaktree Specialty Lending to a “hold” rating in a research note on Monday, December 15th. Wall Street Zen lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Weiss Ratings cut Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $13.75.

About Oaktree Specialty Lending

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.