Rezny Wealth Management Inc. Has $2.57 Million Stock Holdings in Oaktree Specialty Lending Corp. $OCSL

Key Points

• Rezny Wealth Management Inc. reduced its stake in Oaktree Specialty Lending Corp. by 33.7% in the second quarter, holding 187,957 shares valued at approximately $2.57 million.
• Oaktree Specialty Lending recently reported a quarterly EPS of $0.37, falling short of analysts' expectations of $0.45, and had a revenue of $75.27 million.
• The company announced a quarterly dividend of $0.40 per share with a dividend yield of 12.3%, highlighting a high payout ratio of 285.71%.

Rezny Wealth Management Inc. cut its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 33.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,957 shares of the credit services provider's stock after selling 95,376 shares during the period. Oaktree Specialty Lending makes up about 0.6% of Rezny Wealth Management Inc.'s holdings, making the stock its 13th biggest position. Rezny Wealth Management Inc. owned 0.21% of Oaktree Specialty Lending worth $2,567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. National Bank of Canada FI lifted its holdings 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 valued at $26,000 after purchasing an additional 1,220 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Oaktree Specialty Lending in the first quarter valued at $26,000. Abound Wealth Management purchased a new stake in shares of Oaktree Specialty Lending in the second quarter valued at $35,000. PNC Financial Services Group Inc. purchased a new stake in shares of Oaktree Specialty Lending in the first quarter valued at $47,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of Oaktree Specialty Lending in the first quarter valued at $49,000. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $13.06 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Corp. has a 1 year low of $12.50 and a 1 year high of $16.66. The business has a fifty day simple moving average of $13.68 and a 200 day simple moving average of $14.11. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 23.32 and a beta of 0.67.

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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $75.27 million for the quarter, compared to analysts' expectations of $79.14 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. As a group, sell-side analysts predict that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Monday, September 15th. Oaktree Specialty Lending's dividend payout ratio (DPR) is currently 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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