Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Acquired by Arnhold LLC

Arnhold LLC boosted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,680 shares of the credit services provider's stock after acquiring an additional 32,500 shares during the quarter. Arnhold LLC owned 0.19% of Oaktree Specialty Lending worth $2,440,000 at the end of the most recent reporting period.

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

Oaktree Specialty Lending Trading Down 1.2 %

OCSL stock traded down $0.18 during trading on Wednesday, reaching $14.44. 249,317 shares of the stock were exchanged, compared to its average volume of 744,385. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $15.05 and a 200-day moving average price of $15.55. Oaktree Specialty Lending Co. has a 1 year low of $12.50 and a 1 year high of $19.80. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 21.55 and a beta of 0.84.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $86.65 million for the quarter, compared to the consensus estimate of $91.93 million. During the same period in the previous year, the firm earned $0.57 earnings per share. Oaktree Specialty Lending's quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts predict that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 238.81%.

Analyst Ratings Changes

A number of research firms have recently issued reports on OCSL. Keefe, Bruyette & Woods dropped their target price on shares of 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. JPMorgan Chase & Co. decreased their price target 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, April 24th. Finally, Wells Fargo & Company decreased their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $16.00.

Oaktree Specialty Lending Company 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.