BI Asset Management Fondsmaeglerselskab A S Purchases 38,914 Shares of Oaktree Specialty Lending Corp. $OCSL

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Oaktree Specialty Lending Corp. by 20.2%, acquiring an additional 38,914 shares, bringing its total holdings to 231,538 shares worth about $3.56 million.
• Oaktree Specialty Lending Corp. reported earnings per share (EPS) of $0.37 for the recent quarter, falling short of analysts' estimates of $0.45, and had revenue of $75.27 million, below the expected $79.14 million.
• The company announced a quarterly dividend of $0.40 per share, which presents an annualized dividend yield of 11.7%, while the dividend payout ratio stands at 285.71%.

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,538 shares of the credit services provider's stock after buying an additional 38,914 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.26% of Oaktree Specialty Lending worth $3,556,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI lifted its position 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 in the last quarter. PNC Financial Services Group Inc. acquired a new position in Oaktree Specialty Lending during the 1st quarter worth about $47,000. US Bancorp DE lifted its position in Oaktree Specialty Lending by 388.9% during the 1st quarter. US Bancorp DE now owns 3,256 shares of the credit services provider's stock worth $50,000 after buying an additional 2,590 shares in the last quarter. Canton Hathaway LLC lifted its position in Oaktree Specialty Lending by 152.6% during the 1st quarter. Canton Hathaway LLC now owns 7,350 shares of the credit services provider's stock worth $113,000 after buying an additional 4,440 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new position in Oaktree Specialty Lending during the 4th quarter worth about $178,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Up 0.3%

Shares of NASDAQ:OCSL traded up $0.04 during midday trading on Tuesday, reaching $13.69. 93,993 shares of the company were exchanged, compared to its average volume of 709,683. Oaktree Specialty Lending Corp. has a fifty-two week low of $12.50 and a fifty-two week high of $17.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $13.87 and a two-hundred day simple moving average of $14.47. The firm has a market cap of $1.21 billion, a PE ratio of 24.42 and a beta of 0.69.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The credit services provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.The company had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, sell-side analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.7%. Oaktree Specialty Lending's dividend payout ratio (DPR) is 285.71%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. B. Riley started coverage on shares of Oaktree Specialty Lending in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $15.00.

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.