Fiduciary Financial Group LLC Has $823,000 Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Fiduciary Financial Group LLC lifted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 197.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,610 shares of the credit services provider's stock after purchasing an additional 35,595 shares during the period. Fiduciary Financial Group LLC owned about 0.07% of Oaktree Specialty Lending worth $823,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth about $44,000. SG Americas Securities LLC acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth about $106,000. Oxford Asset Management LLP acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth about $178,000. Bfsg LLC raised its stake in Oaktree Specialty Lending by 52.1% during the fourth quarter. Bfsg LLC now owns 12,555 shares of the credit services provider's stock worth $192,000 after acquiring an additional 4,300 shares during the period. Finally, ProShare Advisors LLC raised its stake in Oaktree Specialty Lending by 16.6% during the fourth 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 during the period. Institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock traded down $0.24 during trading hours on Friday, hitting $14.35. 496,368 shares of the company traded hands, compared to its average volume of 753,654. Oaktree Specialty Lending Co. has a 1-year low of $12.50 and a 1-year high of $19.09. The firm has a market cap of $1.26 billion, a P/E ratio of 21.42 and a beta of 0.70. The firm's 50-day simple moving average is $14.14 and its two-hundred day simple moving average is $15.10. 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 (NASDAQ:OCSL - Get Free Report) last posted 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 net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. During the same quarter in the prior year, the business earned $0.56 EPS. As a group, analysts forecast that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is presently 1,230.77%.

Wall Street Analyst Weigh In

OCSL has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. B. Riley initiated coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price target 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $15.83.

Insider Activity

In other Oaktree Specialty Lending news, Director Craig A. Jacobson bought 14,910 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $13.41 per share, for a total transaction of $199,943.10. Following the acquisition, the director now directly owns 71,667 shares of the company's stock, valued at $961,054.47. This trade represents a 26.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Armen Panossian bought 8,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $14.13 per share, with a total value of $113,040.00. Following the completion of the purchase, the insider now 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 disclosure for this purchase can be found here. Insiders own 0.28% of the company's stock.

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.