Barclays PLC Has $2.53 Million Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Barclays PLC lifted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 56.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,855 shares of the credit services provider's stock after purchasing an additional 60,089 shares during the quarter. Barclays PLC owned 0.20% of Oaktree Specialty Lending worth $2,534,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OCSL. Canton Hathaway LLC bought a new position in Oaktree Specialty Lending in the fourth quarter valued at approximately $44,000. Spire Wealth Management bought a new position in Oaktree Specialty Lending during the 4th quarter worth about $68,000. Geneos Wealth Management Inc. bought a new position in Oaktree Specialty Lending during the 4th quarter worth about $93,000. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at about $106,000. Finally, EMC Capital Management boosted its position in shares of Oaktree Specialty Lending by 53.2% during the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock worth $133,000 after buying an additional 3,026 shares during the period. Institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL traded up $0.01 during mid-day trading on Tuesday, hitting $13.43. The stock had a trading volume of 809,038 shares, compared to its average volume of 754,708. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 20.05 and a beta of 0.74. The company's 50 day simple moving average is $14.82 and its 200 day simple moving average is $15.45.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). The company had revenue of $70.52 million for the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.56 earnings per share. On average, equities research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

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

Analysts Set New Price Targets

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

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.