Oaktree Specialty Lending Corp. $OCSL Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

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

Several other institutional investors have also modified their holdings of OCSL. JPMorgan Chase & Co. lifted its position in shares of Oaktree Specialty Lending by 101.9% during the 4th quarter. JPMorgan Chase & Co. now owns 163,387 shares of the credit services provider's stock worth $2,497,000 after purchasing an additional 82,464 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $1,780,000. Raymond James Financial Inc. purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $701,000. Barclays PLC lifted its position in shares of Oaktree Specialty Lending by 56.8% during the 4th quarter. Barclays PLC now owns 165,855 shares of the credit services provider's stock worth $2,534,000 after purchasing an additional 60,089 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in Oaktree Specialty Lending by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock valued at $416,000 after acquiring an additional 1,983 shares during the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL traded up $0.11 during trading on Friday, reaching $13.75. The company's stock had a trading volume of 302,867 shares, compared to its average volume of 624,354. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 24.55 and a beta of 0.69. Oaktree Specialty Lending Corp. has a twelve month low of $12.50 and a twelve month high of $17.16. The business's fifty day moving average price is $13.87 and its 200-day moving average price is $14.49.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted 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). The business 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 in the prior year, the firm posted $0.55 earnings per share. As a group, analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 11.6%. Oaktree Specialty Lending's payout ratio is currently 285.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. B. Riley assumed 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 for the company. Wells Fargo & Company reduced 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 research report on Monday, April 28th. Finally, Wall Street Zen cut 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, Based on data from MarketBeat, Oaktree Specialty Lending presently has an average rating of "Hold" and a consensus 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.