FNY Investment Advisers LLC Acquires New Position in Oaktree Specialty Lending Corp. $OCSL

Key Points

• FNY Investment Advisers LLC opened a new position of 102,600 shares in Oaktree Specialty Lending (OCSL) in Q4, buying about $1.307 million of stock and representing roughly 0.12% ownership.
• Oaktree declared a quarterly dividend of $0.40 ($1.60 annualized), implying a 14.0% yield
• Analyst sentiment is weak — the stock has a consensus "Reduce" rating with a consensus target of $12.88 after several downgrades and target cuts, while the shares trade near $11.39 (one‑year range $10.63–$15.17).

FNY Investment Advisers LLC bought a new position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 102,600 shares of the credit services provider's stock, valued at approximately $1,307,000. FNY Investment Advisers LLC owned approximately 0.12% of Oaktree Specialty Lending as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of OCSL. Sound Income Strategies LLC acquired a new position in Oaktree Specialty Lending during the 3rd quarter valued at approximately $42,000. State of Alaska Department of Revenue purchased a new stake in shares of Oaktree Specialty Lending during the third quarter valued at $51,000. Tower Research Capital LLC TRC grew its holdings in shares of Oaktree Specialty Lending by 1,025.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,163 shares of the credit services provider's stock valued at $57,000 after buying an additional 3,793 shares during the last quarter. Spire Wealth Management increased its position in shares of Oaktree Specialty Lending by 39.4% in the 3rd quarter. Spire Wealth Management now owns 6,010 shares of the credit services provider's stock valued at $78,000 after acquiring an additional 1,700 shares during the period. Finally, Close Asset Management Ltd increased its position in shares of Oaktree Specialty Lending by 19.4% in the 3rd quarter. Close Asset Management Ltd now owns 7,400 shares of the credit services provider's stock valued at $97,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

NASDAQ:OCSL opened at $11.39 on Friday. Oaktree Specialty Lending Corp. has a one year low of $10.63 and a one year high of $15.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 31.64 and a beta of 0.49. The firm's fifty day moving average is $11.71 and its two-hundred day moving average is $12.71.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The business had revenue of $74.48 million during the quarter, compared to analyst estimates of $75.72 million. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.During the same quarter last year, the business posted $0.54 EPS. Research analysts expect that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 14.0%. The ex-dividend date was Monday, March 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is currently 444.44%.

Insiders Place Their Bets

In related news, Director Phyllis R. Caldwell purchased 2,500 shares of the firm's stock in a transaction on Monday, March 16th. The stock was bought at an average cost of $10.77 per share, with a total value of $26,925.00. Following the completion of the acquisition, the director owned 23,500 shares of the company's stock, valued at $253,095. The trade was a 11.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on OCSL. Zacks Research cut Oaktree Specialty Lending from a "hold" rating to a "strong sell" rating in a research report on Monday, February 9th. Wall Street Zen lowered Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Lucid Cap Mkts upgraded Oaktree Specialty Lending to a "hold" rating in a research note on Monday, December 15th. Wells Fargo & Company decreased their target price on Oaktree Specialty Lending from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. dropped their target price on Oaktree Specialty Lending from $13.50 to $10.50 and set a "neutral" rating on the stock in a research report on Friday, March 13th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $12.88.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation NASDAQ: OCSL is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.

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