Beacon Pointe Advisors LLC Has $490,000 Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Beacon Pointe Advisors LLC cut its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 87.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,091 shares of the credit services provider's stock after selling 221,064 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Oaktree Specialty Lending were worth $490,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth about $44,000. Spire Wealth Management acquired a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $68,000. Geneos Wealth Management Inc. acquired a new position in Oaktree Specialty Lending during the fourth quarter valued at $93,000. SG Americas Securities LLC purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $106,000. Finally, EMC Capital Management grew its holdings in shares of Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after acquiring an additional 3,026 shares in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Oaktree Specialty Lending Stock Up 0.7 %

Shares of NASDAQ:OCSL traded up $0.09 during trading on Friday, hitting $13.75. 186,844 shares of the company's stock traded hands, compared to its average volume of 754,565. 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 company has a 50-day moving average price of $14.72 and a 200-day moving average price of $15.41. Oaktree Specialty Lending Co. has a 52 week low of $12.50 and a 52 week high of $19.80. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 20.52 and a beta of 0.74.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same quarter last year, the company earned $0.56 EPS. As a group, research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed 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 11.64%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is currently 1,230.77%.

Insider Transactions at Oaktree Specialty Lending

In related news, Director Craig A. Jacobson purchased 14,910 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $13.41 per share, for a total transaction of $199,943.10. Following the completion of the purchase, the director now owns 71,667 shares in the company, valued at approximately $961,054.47. This represents a 26.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

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.