Alpine Global Management LLC Raises Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Alpine Global Management LLC grew its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 180.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,000 shares of the credit services provider's stock after acquiring an additional 180,000 shares during the quarter. Oaktree Specialty Lending comprises approximately 1.0% of Alpine Global Management LLC's investment portfolio, making the stock its 17th largest holding. Alpine Global Management LLC owned about 0.34% of Oaktree Specialty Lending worth $4,278,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Confluence Investment Management LLC grew its holdings in shares of Oaktree Specialty Lending by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider's stock valued at $1,993,000 after buying an additional 689 shares during the last quarter. Mandatum Life Insurance Co Ltd grew its stake in Oaktree Specialty Lending by 2.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider's stock valued at $564,000 after purchasing an additional 830 shares during the last quarter. Jackson Hole Capital Partners LLC raised its stake in shares of Oaktree Specialty Lending by 10.9% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider's stock worth $285,000 after purchasing an additional 1,830 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Oaktree Specialty Lending by 7.9% during the fourth quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock worth $416,000 after purchasing an additional 1,983 shares during the period. Finally, Barclays PLC raised its position in Oaktree Specialty Lending by 2.1% during the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock worth $1,725,000 after buying an additional 2,140 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OCSL. JPMorgan Chase & Co. cut their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods decreased their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Oaktree Specialty Lending presently has an average rating of "Hold" and an average price target of $16.25.

Oaktree Specialty Lending Price Performance

NASDAQ OCSL traded up $0.11 during trading hours on Friday, reaching $14.68. The company's stock had a trading volume of 384,770 shares, compared to its average volume of 747,649. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 21.91 and a beta of 0.84. The company's 50-day moving average is $15.10 and its two-hundred day moving average is $15.56. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. Oaktree Specialty Lending Co. has a 1-year low of $12.50 and a 1-year high of $19.95.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its earnings results 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. The firm had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business's revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, equities analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.90%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending's payout ratio is 238.81%.

About Oaktree Specialty Lending

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.