Blue Trust Inc. Grows Stock Holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Blue Trust Inc. increased its position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 43.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,622 shares of the credit services provider's stock after purchasing an additional 20,768 shares during the period. Blue Trust Inc. owned 0.08% of Oaktree Specialty Lending worth $1,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OCSL. Canton Hathaway LLC bought a new stake in Oaktree Specialty Lending in the 4th quarter valued at $44,000. Oxford Asset Management LLP bought a new stake in Oaktree Specialty Lending in the 4th quarter valued at $178,000. ProShare Advisors LLC increased its holdings in Oaktree Specialty Lending by 16.6% in the 4th quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock valued at $228,000 after acquiring an additional 2,124 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Oaktree Specialty Lending in the 4th quarter valued at $232,000. Finally, Fox Run Management L.L.C. increased its holdings in Oaktree Specialty Lending by 54.4% in the 4th quarter. Fox Run Management L.L.C. now owns 15,525 shares of the credit services provider's stock valued at $237,000 after acquiring an additional 5,471 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OCSL has been the topic of a number of research reports. 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 on the stock in a report on Monday, April 28th. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Keefe, Bruyette & Woods reduced their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. B. Riley assumed coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Oaktree Specialty Lending currently has a consensus rating of "Hold" and a consensus price target of $15.83.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL traded down $0.15 on Monday, reaching $13.56. The company's stock had a trading volume of 654,547 shares, compared to its average volume of 756,145. Oaktree Specialty Lending Corp. has a 52-week low of $12.50 and a 52-week high of $19.05. The company has a market cap of $1.19 billion, a P/E ratio of 104.31 and a beta of 0.71. The company has a 50-day simple moving average of $14.15 and a 200 day simple moving average of $14.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.23.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). Oaktree Specialty Lending had a return on equity of 11.77% and a net margin of 2.55%. The business had revenue of $70.52 million during the quarter, compared to analysts' expectations of $84.67 million. During the same period in the previous year, the business earned $0.56 earnings per share. As a group, equities research analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.80%. Oaktree Specialty Lending's dividend payout ratio is presently 1,230.77%.

Insider Buying and Selling

In related news, Director Craig A. Jacobson acquired 14,910 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $13.41 per share, with a total value of $199,943.10. Following the transaction, the director now directly owns 71,667 shares in the company, valued at approximately $961,054.47. This represents a 26.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Armen Panossian acquired 8,000 shares of the stock in a transaction on Thursday, May 15th. The stock was bought at an average cost of $14.13 per share, with a total value of $113,040.00. Following the completion of the transaction, the insider now owns 20,789 shares in the company, valued at $293,748.57. This trade represents a 62.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is owned by corporate insiders.

About Oaktree Specialty Lending

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.