Invesco Ltd. Has $11.21 Million Stake in Oaktree Specialty Lending Corp. $OCSL

Key Points

• Invesco Ltd. reduced its stake in Oaktree Specialty Lending Corp. by 16.7%, owning around 729,995 shares after selling 145,918 shares in the first quarter.
• Oaktree Specialty Lending reported a quarterly earnings miss with an EPS of $0.37, below the consensus estimate of $0.45, and a net margin of 13.84%.
• The company declared a $0.40 quarterly dividend, resulting in a strong annualized yield of 11.6%, despite a payout ratio of 285.71%.

Invesco Ltd. trimmed its position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 729,995 shares of the credit services provider's stock after selling 145,918 shares during the period. Invesco Ltd. owned approximately 0.83% of Oaktree Specialty Lending worth $11,213,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OCSL. Envestnet Asset Management Inc. purchased a new position in Oaktree Specialty Lending in the 4th quarter valued at about $1,780,000. Raymond James Financial Inc. bought a new position in Oaktree Specialty Lending in the fourth quarter worth about $701,000. Barclays PLC lifted its holdings 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 worth $2,534,000 after acquiring an additional 60,089 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in Oaktree Specialty Lending by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock worth $416,000 after acquiring an additional 1,983 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings 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 worth $3,955,000 after acquiring an additional 84,155 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OCSL. B. Riley began coverage on shares of Oaktree Specialty Lending in a report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 target price on the stock. Wall Street Zen lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Oaktree Specialty Lending has a consensus rating of "Hold" and an average price target of $15.00.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL traded down $0.03 during mid-day trading on Thursday, reaching $13.91. 167,914 shares of the company traded hands, compared to its average volume of 706,113. Oaktree Specialty Lending Corp. has a fifty-two week low of $12.50 and a fifty-two week high of $17.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market cap of $1.22 billion, a PE ratio of 24.83 and a beta of 0.69. The stock has a fifty day simple moving average of $13.87 and a 200-day simple moving average of $14.46.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). The business had revenue of $75.27 million for 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 in the previous year, the business posted $0.55 earnings per share. Equities research analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Monday, September 15th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 285.71%.

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.