Generali Asset Management SPA SGR Buys 804,422 Shares of Oaktree Specialty Lending Corp. $OCSL

Key Points

• Generali Asset Management has increased its stake in Oaktree Specialty Lending Corp. by 74.2%, acquiring an additional 804,422 shares and now holds approximately 2.14% of the company's stock worth $25.8 million.
• Oaktree Specialty Lending reported $0.37 earnings per share for the latest quarter, missing analyst expectations of $0.45 and generating $75.27 million in revenue against an estimate of $79.14 million.
• The company announced a $0.40 quarterly dividend, reflecting an annual yield of 12.3%, with a high dividend payout ratio currently at 285.71%.

Generali Asset Management SPA SGR increased its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 74.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,888,566 shares of the credit services provider's stock after purchasing an additional 804,422 shares during the quarter. Generali Asset Management SPA SGR owned approximately 2.14% of Oaktree Specialty Lending worth $25,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OCSL. Castlekeep Investment Advisors LLC raised its holdings in Oaktree Specialty Lending by 651.4% in the first quarter. Castlekeep Investment Advisors LLC now owns 319,275 shares of the credit services provider's stock worth $4,904,000 after purchasing an additional 276,782 shares in the last quarter. Trexquant Investment LP grew its position in shares of Oaktree Specialty Lending by 1,321.9% in the 1st quarter. Trexquant Investment LP now owns 275,060 shares of the credit services provider's stock worth $4,225,000 after buying an additional 255,716 shares during the last quarter. Wills Financial Group LLC bought a new position in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $3,561,000. Royal Bank of Canada raised its stake in shares of Oaktree Specialty Lending by 34.3% during the 1st quarter. Royal Bank of Canada now owns 468,879 shares of the credit services provider's stock worth $7,201,000 after acquiring an additional 119,775 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc lifted its position in Oaktree Specialty Lending by 246.2% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 162,044 shares of the credit services provider's stock valued at $2,489,000 after acquiring an additional 115,240 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Trading Up 1.0%

NASDAQ:OCSL opened at $13.05 on Wednesday. The company has a market capitalization of $1.15 billion, a P/E ratio of 23.30 and a beta of 0.66. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Corp. has a 12 month low of $12.44 and a 12 month high of $16.66. The firm has a fifty day simple moving average of $13.41 and a 200-day simple moving average of $13.86.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The firm 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 period in the previous year, the company earned $0.55 earnings per share. On average, equities research analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 12.3%. The ex-dividend date was Monday, September 15th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 285.71%.

Analyst Upgrades and Downgrades

OCSL has been the topic of several analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Oaktree Specialty Lending in a report on Wednesday, October 8th. Zacks Research upgraded Oaktree Specialty Lending from a "strong sell" rating to a "hold" rating in a research note on Thursday, October 9th. Nine equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Oaktree Specialty Lending currently 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.

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