Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Position Boosted by Round Rock Advisors LLC

Round Rock Advisors LLC increased its holdings in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 354.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,504 shares of the credit services provider's stock after purchasing an additional 83,828 shares during the period. Round Rock Advisors LLC owned 0.13% of Oaktree Specialty Lending worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Claret Asset Management Corp boosted its position in Oaktree Specialty Lending by 0.9% during the 4th quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider's stock worth $22,846,000 after purchasing an additional 13,949 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter valued at about $18,109,000. Invesco Ltd. increased its position in shares of Oaktree Specialty Lending by 1,300.1% during the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock worth $13,384,000 after acquiring an additional 813,352 shares during the last quarter. Melia Wealth LLC lifted its stake in shares of Oaktree Specialty Lending by 5.2% in the fourth quarter. Melia Wealth LLC now owns 801,216 shares of the credit services provider's stock worth $12,243,000 after acquiring an additional 39,414 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $9,959,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OCSL has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen cut Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods cut their price target on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. B. Riley initiated coverage on Oaktree Specialty Lending in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.83.

Insider Activity at Oaktree Specialty Lending

In related news, insider Armen Panossian bought 8,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was bought at an average cost of $14.13 per share, with a total value of $113,040.00. Following the completion of the acquisition, the insider owned 20,789 shares of the company's stock, valued at $293,748.57. This trade represents a 62.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig A. Jacobson bought 14,910 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of $13.41 per share, with a total value of $199,943.10. Following the completion of the acquisition, the director directly owned 71,667 shares of the company's stock, valued at approximately $961,054.47. The trade was a 26.27% increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

Oaktree Specialty Lending Stock Up 0.3%

NASDAQ OCSL traded up $0.04 on Friday, hitting $14.41. 493,385 shares of the stock traded hands, compared to its average volume of 766,800. The stock has a 50-day moving average of $14.05 and a 200 day moving average of $14.81. Oaktree Specialty Lending Corp. has a twelve month low of $12.50 and a twelve month high of $18.60. The company has a market capitalization of $1.27 billion, a P/E ratio of 110.85 and a beta of 0.68. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. The firm had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. During the same quarter in the previous year, the company earned $0.56 EPS. As a group, analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.10%. The ex-dividend date of this dividend was Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 1,230.77%.

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.