Cornerstone Advisory LLC Has $2.72 Million Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Cornerstone Advisory LLC grew its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 167.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,233 shares of the credit services provider's stock after purchasing an additional 107,822 shares during the period. Cornerstone Advisory LLC owned approximately 0.21% of Oaktree Specialty Lending worth $2,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Jackson Hole Capital Partners LLC grew its stake in shares of Oaktree Specialty Lending by 10.9% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider's stock valued at $285,000 after purchasing an additional 1,830 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Oaktree Specialty Lending by 7.9% in the 4th quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock worth $416,000 after acquiring an additional 1,983 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of 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 worth $228,000 after acquiring an additional 2,124 shares in the last quarter. Entropy Technologies LP boosted its holdings in shares of Oaktree Specialty Lending by 7.0% in the 4th quarter. Entropy Technologies LP now owns 35,851 shares of the credit services provider's stock worth $548,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $44,000. 36.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Armen Panossian acquired 8,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of $14.13 per share, for a total transaction of $113,040.00. Following the acquisition, the insider now directly owns 20,789 shares of the company's stock, valued at approximately $293,748.57. The trade was a 62.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig A. Jacobson acquired 14,910 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $13.41 per share, with a total value of $199,943.10. Following the acquisition, the director now directly 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 disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company's stock.

Wall Street Analysts Forecast Growth

OCSL has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on 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 Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price objective on 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. Finally, B. Riley initiated coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, Oaktree Specialty Lending has a consensus rating of "Hold" and an average price target of $15.83.

Oaktree Specialty Lending Trading Up 1.6%

Shares of OCSL traded up $0.23 during trading hours on Tuesday, reaching $14.33. The stock had a trading volume of 222,522 shares, compared to its average volume of 754,811. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a 52 week low of $12.50 and a 52 week high of $19.80. The firm has a 50-day moving average of $14.32 and a 200 day moving average of $15.24. The company has a market cap of $1.26 billion, a P/E ratio of 21.38 and a beta of 0.74.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). The firm had revenue of $70.52 million for the quarter, compared to the consensus estimate 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 last year, the company posted $0.56 EPS. On average, sell-side analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 1,230.77%.

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.