Old Port Advisors Invests $915,000 in Oaktree Specialty Lending Corp. $OCSL

Key Points

• Old Port Advisors invested approximately $915,000 in Oaktree Specialty Lending Corp. during the second quarter, acquiring 67,004 shares.
• Oaktree Specialty Lending reported $0.37 EPS for the last quarter, falling short of analysts' estimates of $0.45 EPS, with a revenue of $75.27 million compared to expected $79.14 million.
• The company announced a quarterly dividend of $0.40, reflecting a 12.3% dividend yield and a payout ratio of 285.71%.

Old Port Advisors bought a new position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 67,004 shares of the credit services provider's stock, valued at approximately $915,000. Old Port Advisors owned 0.08% of Oaktree Specialty Lending as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Bfsg LLC boosted its position in Oaktree Specialty Lending by 5.4% during the second quarter. Bfsg LLC now owns 13,475 shares of the credit services provider's stock valued at $184,000 after purchasing an additional 695 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Oaktree Specialty Lending by 3.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,419 shares of the credit services provider's stock worth $452,000 after buying an additional 848 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Oaktree Specialty Lending by 259.0% in the first quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider's stock worth $26,000 after buying an additional 1,220 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Oaktree Specialty Lending in the first quarter worth about $26,000. Finally, Sonora Investment Management Group LLC lifted its position in shares of Oaktree Specialty Lending by 14.6% in the first quarter. Sonora Investment Management Group LLC now owns 15,700 shares of the credit services provider's stock worth $241,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $13.06 on Friday. Oaktree Specialty Lending Corp. has a fifty-two week low of $12.50 and a fifty-two week high of $16.66. The business has a 50-day moving average of $13.68 and a two-hundred day moving average of $14.11. The stock has a market capitalization of $1.15 billion, a P/E ratio of 23.32 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.21 and a quick ratio of 0.21.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly 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). Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.The company had revenue of $75.27 million during the quarter, compared to analyst estimates of $79.14 million. During the same period in the prior year, the firm earned $0.55 EPS. On average, equities research analysts predict that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.3%. Oaktree Specialty Lending's payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.