CF Capital LLC Takes $4.69 Million Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

CF Capital LLC acquired a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 307,000 shares of the credit services provider's stock, valued at approximately $4,691,000. Oaktree Specialty Lending accounts for approximately 5.1% of CF Capital LLC's investment portfolio, making the stock its 5th biggest position. CF Capital LLC owned 0.37% of Oaktree Specialty Lending as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Canton Hathaway LLC bought a new position in Oaktree Specialty Lending in the 4th quarter worth about $44,000. Spire Wealth Management bought a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $68,000. Geneos Wealth Management Inc. purchased a new position in Oaktree Specialty Lending during the 4th quarter worth $93,000. SG Americas Securities LLC bought a new stake in Oaktree Specialty Lending during the 4th quarter valued at $106,000. Finally, EMC Capital Management lifted its holdings in shares of Oaktree Specialty Lending by 53.2% in the 4th 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.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OCSL shares. Wells Fargo & Company decreased their price objective on 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. StockNews.com lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday. Keefe, Bruyette & Woods lowered their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, 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 report on Thursday, April 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $16.00.

Insider Transactions at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, Director Craig A. Jacobson purchased 14,910 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the acquisition, the director now owns 71,667 shares in the company, valued at $961,054.47. This represents a 26.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company's stock.

Oaktree Specialty Lending Stock Up 2.4 %

OCSL traded up $0.32 during trading on Thursday, hitting $13.66. The stock had a trading volume of 756,446 shares, compared to its average volume of 756,804. The stock has a 50 day simple moving average of $14.72 and a two-hundred day simple moving average of $15.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.80. The company has a market capitalization of $1.12 billion, a PE ratio of 20.39 and a beta of 0.74.

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 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 analysts' expectations 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 in the previous year, the firm posted $0.56 EPS. On average, research analysts predict that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 11.71%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is presently 1,230.77%.

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.