Oaktree Specialty Lending Corp. $OCSL Shares Acquired by Samalin Investment Counsel LLC

Key Points

• Samalin Investment Counsel LLC increased its stake in Oaktree Specialty Lending Corp. by 110.4% during the first quarter, now holding 85,277 shares valued at approximately $1.31 million.
• Oaktree Specialty Lending recently announced a quarterly dividend of $0.40, equating to an annual yield of 11.7%, with a complete payout ratio currently at 285.71%.
• The company reported $0.37 EPS for its latest quarter, missing estimates by $0.08, while revenue of $75.27 million also fell short of expectations.

Samalin Investment Counsel LLC grew its holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 110.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,277 shares of the credit services provider's stock after acquiring an additional 44,743 shares during the period. Samalin Investment Counsel LLC owned about 0.10% of Oaktree Specialty Lending worth $1,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter worth $1,780,000. Raymond James Financial Inc. purchased a new stake in Oaktree Specialty Lending in the fourth quarter valued at $701,000. Barclays PLC lifted its position in Oaktree Specialty Lending by 56.8% in the fourth quarter. Barclays PLC now owns 165,855 shares of the credit services provider's stock valued at $2,534,000 after acquiring an additional 60,089 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Oaktree Specialty Lending by 48.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 258,853 shares of the credit services provider's stock valued at $3,955,000 after acquiring an additional 84,155 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new stake in Oaktree Specialty Lending in the fourth quarter valued at $178,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $13.65 on Tuesday. Oaktree Specialty Lending Corp. has a fifty-two week low of $12.50 and a fifty-two week high of $17.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.20 billion, a PE ratio of 24.38 and a beta of 0.69. The firm has a 50-day simple moving average of $13.87 and a 200 day simple moving average of $14.47.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The credit services provider reported $0.37 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 the consensus estimate of $79.14 million. Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.During the same quarter last year, the company posted $0.55 EPS. On average, sell-side analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 11.7%. Oaktree Specialty Lending's dividend payout ratio is presently 285.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OCSL. Wall Street Zen cut shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. B. Riley assumed coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on shares of 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. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently 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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