TrueMark Investments LLC Sells 54,211 Shares of Oaktree Specialty Lending Corp. $OCSL

TrueMark Investments LLC cut its holdings in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 65.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,133 shares of the credit services provider’s stock after selling 54,211 shares during the quarter. TrueMark Investments LLC’s holdings in Oaktree Specialty Lending were worth $329,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Running Point Capital Advisors LLC grew its stake in shares of Oaktree Specialty Lending by 3.1% in the fourth quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider’s stock worth $367,000 after acquiring an additional 877 shares during the last quarter. Close Asset Management Ltd raised its stake in Oaktree Specialty Lending by 19.4% during the 3rd quarter. Close Asset Management Ltd now owns 7,400 shares of the credit services provider’s stock valued at $97,000 after purchasing an additional 1,200 shares during the last quarter. Security National Bank raised its stake in Oaktree Specialty Lending by 40.6% during the 4th quarter. Security National Bank now owns 4,607 shares of the credit services provider’s stock valued at $59,000 after purchasing an additional 1,330 shares during the last quarter. Muzinich & Co. Inc. boosted its holdings in Oaktree Specialty Lending by 0.5% in the 4th quarter. Muzinich & Co. Inc. now owns 332,569 shares of the credit services provider’s stock valued at $4,237,000 after purchasing an additional 1,663 shares during the period. Finally, Lido Advisors LLC boosted its holdings in Oaktree Specialty Lending by 1.5% in the 4th quarter. Lido Advisors LLC now owns 117,232 shares of the credit services provider’s stock valued at $1,529,000 after purchasing an additional 1,720 shares during the period. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Trading Down 1.6%

Shares of OCSL stock opened at $11.36 on Thursday. The firm has a fifty day moving average of $12.10 and a 200-day moving average of $12.16. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 19.93 and a beta of 0.50. Oaktree Specialty Lending Corp. has a 52-week low of $10.63 and a 52-week high of $14.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.17 and a current ratio of 0.17.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Oaktree Specialty Lending had a net margin of 16.66% and a return on equity of 9.56%. The business had revenue of $69.74 million for the quarter, compared to analyst estimates of $74.35 million. During the same period in the previous year, the business earned $0.45 EPS. On average, equities research analysts forecast that Oaktree Specialty Lending Corp. will post 1.5 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 Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Monday, June 15th. Oaktree Specialty Lending’s payout ratio is presently 210.53%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OCSL. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Sunday, June 14th. Zacks Research upgraded shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Oppenheimer set a $13.00 price target on Oaktree Specialty Lending in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 15th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, Oaktree Specialty Lending presently has an average rating of “Hold” and an average target price of $11.83.

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.