BI Asset Management Fondsmaeglerselskab A S Purchases 183,862 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

BI Asset Management Fondsmaeglerselskab A S grew its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 2,098.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,624 shares of the credit services provider's stock after purchasing an additional 183,862 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.23% of Oaktree Specialty Lending worth $2,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth about $44,000. Spire Wealth Management acquired a new position in Oaktree Specialty Lending in the 4th quarter valued at approximately $68,000. Geneos Wealth Management Inc. bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $93,000. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $106,000. Finally, EMC Capital Management increased 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 valued at $133,000 after purchasing an additional 3,026 shares during the period. Institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

OCSL stock traded up $0.11 during trading on Friday, hitting $14.68. 384,770 shares of the stock traded hands, compared to its average volume of 746,269. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 21.91 and a beta of 0.84. Oaktree Specialty Lending Co. has a one year low of $12.50 and a one year high of $19.95. 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 simple moving average of $15.10 and a 200 day simple moving average of $15.57.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted 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 company had revenue of $86.65 million during the quarter, compared to analysts' expectations of $91.93 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. Oaktree Specialty Lending's quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Equities analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OCSL. JPMorgan Chase & Co. reduced their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday. 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 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 data from MarketBeat.com, Oaktree Specialty Lending currently has an average rating of "Hold" and a consensus price target of $16.25.

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.