United Advisor Group LLC Grows Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

United Advisor Group LLC raised its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,359 shares of the credit services provider's stock after acquiring an additional 50,895 shares during the period. United Advisor Group LLC owned about 0.25% of Oaktree Specialty Lending worth $3,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Management Group Inc. lifted its position in shares of Oaktree Specialty Lending by 51.3% in the fourth quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock valued at $32,534,000 after buying an additional 721,629 shares during the last quarter. Van ECK Associates Corp raised its holdings in Oaktree Specialty Lending by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider's stock valued at $32,006,000 after acquiring an additional 71,808 shares in the last quarter. Bruni J V & Co. Co. raised its holdings in Oaktree Specialty Lending by 26.0% in the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock valued at $29,483,000 after acquiring an additional 398,241 shares in the last quarter. Claret Asset Management Corp increased its stake in shares of Oaktree Specialty Lending by 0.9% in the 4th quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider's stock valued at $22,846,000 after purchasing an additional 13,949 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at $18,109,000. 36.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Oaktree Specialty Lending news, insider Armen Panossian bought 8,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were acquired at an average cost of $14.13 per share, for a total transaction of $113,040.00. Following the purchase, the insider now directly owns 20,789 shares of the company's stock, valued at $293,748.57. The trade was a 62.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson bought 14,910 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the completion of the purchase, the director now directly owns 71,667 shares in the company, valued at approximately $961,054.47. The trade was a 26.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is owned by company insiders.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock traded up $0.07 during mid-day trading on Wednesday, reaching $14.46. The company's stock had a trading volume of 368,205 shares, compared to its average volume of 755,496. The firm's fifty day moving average price is $14.29 and its two-hundred day moving average price is $15.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. Oaktree Specialty Lending Co. has a 12-month low of $12.50 and a 12-month high of $19.80. The company has a market capitalization of $1.27 billion, a P/E ratio of 21.58 and a beta of 0.74.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). The company had revenue of $70.52 million during the quarter, compared to analysts' expectations of $84.67 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. During the same quarter last year, the firm posted $0.56 earnings per share. Sell-side analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.07%. Oaktree Specialty Lending's dividend payout ratio (DPR) is currently 1,230.77%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OCSL. JPMorgan Chase & Co. reduced their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods lowered their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company 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 objective for the company. Finally, Wells Fargo & Company reduced their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.83.

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.