Texas Capital Bank Wealth Management Services Inc Has $2.49 Million Holdings in Oaktree Specialty Lending Corp. $OCSL

Key Points

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Texas Capital Bank Wealth Management Services Inc grew its stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 246.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,044 shares of the credit services provider's stock after acquiring an additional 115,240 shares during the quarter. Texas Capital Bank Wealth Management Services Inc owned 0.18% of Oaktree Specialty Lending worth $2,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new stake in shares of Oaktree Specialty Lending in the 1st quarter valued at about $381,000. ProShare Advisors LLC increased its stake in shares of Oaktree Specialty Lending by 16.6% in the 4th quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock valued at $228,000 after acquiring an additional 2,124 shares during the last quarter. Wills Financial Group LLC bought a new stake in shares of Oaktree Specialty Lending in the 1st quarter valued at about $3,561,000. Cetera Investment Advisers increased its stake in shares of Oaktree Specialty Lending by 20.3% in the 1st quarter. Cetera Investment Advisers now owns 27,176 shares of the credit services provider's stock valued at $417,000 after acquiring an additional 4,589 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Oaktree Specialty Lending by 31.0% during the 4th quarter. Northern Trust Corp now owns 57,539 shares of the credit services provider's stock worth $879,000 after purchasing an additional 13,626 shares in the last quarter. 36.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OCSL shares. Wall Street Zen cut Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. B. Riley started coverage on Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price for the company. Wells Fargo & Company lowered their target price on 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, JPMorgan Chase & Co. lowered their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.00.

Oaktree Specialty Lending Price Performance

NASDAQ OCSL opened at $13.66 on Tuesday. The firm's 50 day moving average is $13.93 and its 200-day moving average is $14.54. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.20 billion, a PE ratio of 24.39 and a beta of 0.69. Oaktree Specialty Lending Corp. has a 12-month low of $12.50 and a 12-month high of $17.16.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its earnings results on Tuesday, August 5th. The credit services provider reported $0.37 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 business had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. During the same quarter in the previous year, the company posted $0.55 EPS. Equities research analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 earnings per share 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. The ex-dividend date is Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 11.7%. Oaktree Specialty Lending's dividend payout ratio is presently 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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