Aquatic Capital Management LLC Purchases New Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Aquatic Capital Management LLC purchased a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 28,504 shares of the credit services provider's stock, valued at approximately $436,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Management Group Inc. increased its holdings in shares of 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 purchasing an additional 721,629 shares during the last quarter. Van ECK Associates Corp increased its stake in Oaktree Specialty Lending by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider's stock worth $32,006,000 after acquiring an additional 71,808 shares during the last quarter. Bruni J V & Co. Co. raised its holdings in shares of Oaktree Specialty Lending by 26.0% during the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock worth $29,483,000 after acquiring an additional 398,241 shares in the last quarter. Claret Asset Management Corp boosted its position in shares of Oaktree Specialty Lending by 0.9% during the 4th quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider's stock valued at $22,846,000 after acquiring an additional 13,949 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Oaktree Specialty Lending by 1,300.1% in the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock valued at $13,384,000 after purchasing an additional 813,352 shares in the last quarter. Institutional investors own 36.79% of the company's stock.

Wall Street Analysts Forecast Growth

OCSL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, StockNews.com lowered Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $16.00.

Oaktree Specialty Lending Trading Up 0.1 %

Oaktree Specialty Lending stock traded up $0.01 during midday trading on Tuesday, reaching $13.43. The stock had a trading volume of 809,038 shares, compared to its average volume of 753,996. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 20.05 and a beta of 0.74. Oaktree Specialty Lending Co. has a 52-week low of $12.50 and a 52-week high of $19.80. The company has a fifty day moving average of $14.87 and a 200 day moving average of $15.46.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). The business had revenue of $70.52 million for the quarter, compared to the consensus estimate of $84.67 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. During the same period in the prior year, the business posted $0.56 earnings per share. On average, analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.91%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is currently 1,230.77%.

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.