MAI Capital Management Has $448,000 Position in Oaktree Specialty Lending Corp. $OCSL

Key Points

• MAI Capital Management significantly increased its holdings in Oaktree Specialty Lending Corp. by 554.2% in the first quarter, owning 29,157 shares valued at $448,000.
• Oaktree Specialty Lending has a dividend yield of 11.6%, with a quarterly dividend of $0.40 announced to be paid on September 30th.
• Analysts have set a consensus price target of $15.00 for Oaktree Specialty Lending, with a rating of "Hold" from seven equities research analysts.

MAI Capital Management raised its stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 554.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,157 shares of the credit services provider's stock after acquiring an additional 24,700 shares during the period. MAI Capital Management's holdings in Oaktree Specialty Lending were worth $448,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Trexquant Investment LP increased its position in shares of Oaktree Specialty Lending by 1,321.9% in the first quarter. Trexquant Investment LP now owns 275,060 shares of the credit services provider's stock worth $4,225,000 after purchasing an additional 255,716 shares during the period. Samalin Investment Counsel LLC increased its holdings in Oaktree Specialty Lending by 110.4% in the 1st quarter. Samalin Investment Counsel LLC now owns 85,277 shares of the credit services provider's stock valued at $1,310,000 after buying an additional 44,743 shares during the period. SVB Wealth LLC bought a new position in Oaktree Specialty Lending in the 1st quarter valued at about $26,000. Arnhold LLC raised its position in shares of Oaktree Specialty Lending by 1.7% in the 1st quarter. Arnhold LLC now owns 162,345 shares of the credit services provider's stock valued at $2,494,000 after buying an additional 2,665 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Oaktree Specialty Lending by 20.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 231,538 shares of the credit services provider's stock worth $3,556,000 after acquiring an additional 38,914 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 price objective on the stock. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Oaktree Specialty Lending has an average rating of "Hold" and an average target price of $15.00.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock traded down $0.07 on Wednesday, reaching $13.74. The company had a trading volume of 424,089 shares, compared to its average volume of 455,132. The business's 50-day moving average is $13.92 and its 200 day moving average is $14.33. Oaktree Specialty Lending Corp. has a one year low of $12.50 and a one year high of $16.66. 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 stock has a market capitalization of $1.21 billion, a PE ratio of 24.54 and a beta of 0.67.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). The company had revenue of $75.27 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.55 earnings per share. Equities research analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Monday, September 15th. Oaktree Specialty Lending's dividend payout ratio is presently 285.71%.

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.