Arlington Capital Management Inc. Purchases Shares of 68,855 Oaktree Specialty Lending Corp. $OCSL

Key Points

• Arlington Capital Management Inc. has acquired 68,855 shares of Oaktree Specialty Lending Corp. ($OCSL), valued at approximately $941,000, representing about 0.08% ownership in the company.
• Oaktree Specialty Lending recently reported $0.37 earnings per share for the quarter, which missed the consensus estimate of $0.45, and had revenue of $75.27 million, below analysts' expectations.
• The company declared a quarterly dividend of $0.40, yielding 12.3% annually, with a high dividend payout ratio of 285.71%.

Arlington Capital Management Inc. bought a new stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 68,855 shares of the credit services provider's stock, valued at approximately $941,000. Arlington Capital Management Inc. owned about 0.08% of Oaktree Specialty Lending at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI grew its stake in Oaktree Specialty Lending by 259.0% during the 1st quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider's stock worth $26,000 after buying an additional 1,220 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Oaktree Specialty Lending during the first quarter worth approximately $26,000. Abound Wealth Management purchased a new position in Oaktree Specialty Lending during the 2nd quarter worth $35,000. PNC Financial Services Group Inc. purchased a new position in Oaktree Specialty Lending during the 1st quarter worth $47,000. Finally, Anchor Investment Management LLC purchased a new position in Oaktree Specialty Lending during the 1st quarter worth $49,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Trading Up 0.1%

Shares of Oaktree Specialty Lending stock opened at $12.96 on Thursday. The company has a market capitalization of $1.14 billion, a P/E ratio of 23.14 and a beta of 0.67. Oaktree Specialty Lending Corp. has a 1 year low of $12.50 and a 1 year high of $16.66. The company's fifty day moving average is $13.74 and its two-hundred day moving average is $14.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $75.27 million during the quarter, compared to analyst estimates of $79.14 million. Oaktree Specialty Lending had a net margin of 13.84% and a return on equity of 10.94%. During the same quarter last year, the firm earned $0.55 EPS. Analysts forecast that Oaktree Specialty Lending Corp. 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 Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Monday, September 15th. Oaktree Specialty Lending's dividend payout ratio (DPR) is 285.71%.

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.

Want to see what other hedge funds are holding OCSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.