Hennion & Walsh Asset Management Inc. Has $1.99 Million Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Hennion & Walsh Asset Management Inc. cut its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 25.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,607 shares of the credit services provider's stock after selling 44,483 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.16% of Oaktree Specialty Lending worth $1,991,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Canton Hathaway LLC bought a new stake in Oaktree Specialty Lending in the 4th quarter valued at about $44,000. Spire Wealth Management purchased a new stake in Oaktree Specialty Lending during the fourth quarter valued at about $68,000. SG Americas Securities LLC purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter valued at $106,000. Oxford Asset Management LLP purchased a new stake in Oaktree Specialty Lending in the 4th quarter worth approximately $178,000. Finally, Bfsg LLC increased its position in shares of Oaktree Specialty Lending by 52.1% in the fourth quarter. Bfsg LLC now owns 12,555 shares of the credit services provider's stock worth $192,000 after purchasing an additional 4,300 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock traded up $0.12 during trading hours on Monday, reaching $14.45. The company had a trading volume of 459,492 shares, compared to its average volume of 754,202. The stock has a fifty day moving average of $14.10 and a 200-day moving average of $15.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.57 and a beta of 0.70. Oaktree Specialty Lending Co. has a 12-month low of $12.50 and a 12-month high of $19.80.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released 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). The business had revenue of $70.52 million during the quarter, compared to analysts' expectations of $84.67 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. During the same quarter in the previous year, the company posted $0.56 EPS. On average, equities analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 11.07%. Oaktree Specialty Lending's dividend payout ratio is currently 1,230.77%.

Analyst Upgrades and Downgrades

OCSL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on 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. 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 target on the stock. Wells Fargo & Company cut their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note 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. Finally, JPMorgan Chase & Co. dropped their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.83.

Insider Activity at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, insider Armen Panossian purchased 8,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased 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 of the company's stock, valued at approximately $293,748.57. This represents a 62.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig A. Jacobson purchased 14,910 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the acquisition, the director now owns 71,667 shares of the company's stock, valued at approximately $961,054.47. The trade was a 26.27% 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.

Oaktree Specialty Lending Company 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.