Oaktree Specialty Lending Corp. $OCSL Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Oaktree Specialty Lending Corp. by 44.1%, now holding approximately 67,370 shares valued at $1,035,000 as of its latest SEC filing.
• Despite the reduction in stake by Goldman Sachs, institutional investors collectively own 36.79% of Oaktree Specialty Lending's stock, with several firms increasing their investments in the fourth quarter.
• Oaktree Specialty Lending reported a $0.37 EPS for the last quarter, missing analyst expectations of $0.45, and has announced a quarterly dividend of $0.40 per share, with a resulting yield of 12.2%.

Goldman Sachs Group Inc. trimmed its position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 44.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,370 shares of the credit services provider's stock after selling 53,070 shares during the period. Goldman Sachs Group Inc. owned approximately 0.08% of Oaktree Specialty Lending worth $1,035,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OCSL. Northern Trust Corp lifted its position in Oaktree Specialty Lending by 31.0% in the fourth quarter. Northern Trust Corp now owns 57,539 shares of the credit services provider's stock worth $879,000 after purchasing an additional 13,626 shares during the period. Millennium Management LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth approximately $5,882,000. ProShare Advisors LLC lifted its position in Oaktree Specialty Lending by 16.6% in the fourth quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock worth $228,000 after purchasing an additional 2,124 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth approximately $1,163,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth approximately $943,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $13.14 on Tuesday. Oaktree Specialty Lending Corp. has a one year low of $12.50 and a one year high of $16.66. The stock has a fifty day moving average of $13.80 and a 200-day moving average of $14.16. The company has a market capitalization of $1.16 billion, a PE ratio of 23.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The credit services provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). Oaktree Specialty Lending had a net margin of 13.84% and a return on equity of 10.94%. The company had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. During the same quarter last year, the company posted $0.55 EPS. As a group, equities analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Monday, September 15th. Oaktree Specialty Lending's dividend payout ratio is 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.

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