Oaktree Specialty Lending Corp. $OCSL Stock Holdings Lifted by LPL Financial LLC

Key Points

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LPL Financial LLC increased its position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 49.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,341 shares of the credit services provider's stock after purchasing an additional 52,681 shares during the quarter. LPL Financial LLC owned 0.19% of Oaktree Specialty Lending worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Private Management Group Inc. boosted its stake in shares of Oaktree Specialty Lending by 2.6% in the first quarter. Private Management Group Inc. now owns 2,185,006 shares of the credit services provider's stock valued at $33,562,000 after purchasing an additional 55,804 shares during the period. Cetera Investment Advisers boosted its stake in shares of Oaktree Specialty Lending by 20.3% in the first quarter. Cetera Investment Advisers now owns 27,176 shares of the credit services provider's stock valued at $417,000 after purchasing an additional 4,589 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Oaktree Specialty Lending by 75.4% in the first quarter. Lindbrook Capital LLC now owns 29,815 shares of the credit services provider's stock valued at $458,000 after purchasing an additional 12,815 shares during the period. Denali Advisors LLC boosted its stake in shares of Oaktree Specialty Lending by 3.2% in the first quarter. Denali Advisors LLC now owns 147,769 shares of the credit services provider's stock valued at $2,270,000 after purchasing an additional 4,513 shares during the period. Finally, Mandatum Life Insurance Co Ltd boosted its stake in shares of Oaktree Specialty Lending by 19.9% in the first quarter. Mandatum Life Insurance Co Ltd now owns 44,274 shares of the credit services provider's stock valued at $680,000 after purchasing an additional 7,359 shares during the period. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Stock Up 0.8%

NASDAQ OCSL traded up $0.11 during trading hours on Friday, reaching $13.75. 302,867 shares of the company traded hands, compared to its average volume of 624,354. Oaktree Specialty Lending Corp. has a 12 month low of $12.50 and a 12 month high of $17.16. The company has a current ratio of 0.21, a quick 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 24.55 and a beta of 0.69. The company has a 50 day moving average of $13.87 and a two-hundred day moving average of $14.49.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted 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 the consensus estimate of $79.14 million. During the same quarter last year, the company earned $0.55 earnings per share. As a group, equities analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given 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 (DPR) is presently 285.71%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. 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. Finally, B. Riley started coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective on the stock. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.00.

About Oaktree Specialty Lending

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.