Wealthedge Investment Advisors LLC Takes $943,000 Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Wealthedge Investment Advisors LLC purchased a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,690 shares of the credit services provider's stock, valued at approximately $943,000. Wealthedge Investment Advisors LLC owned about 0.08% of Oaktree Specialty Lending as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $1,163,000. United Advisor Group LLC raised its stake in Oaktree Specialty Lending by 32.7% during the fourth quarter. United Advisor Group LLC now owns 206,359 shares of the credit services provider's stock worth $3,153,000 after buying an additional 50,895 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in Oaktree Specialty Lending during the fourth quarter worth $649,000. Alpine Global Management LLC raised its stake in Oaktree Specialty Lending by 180.0% during the fourth quarter. Alpine Global Management LLC now owns 280,000 shares of the credit services provider's stock worth $4,278,000 after buying an additional 180,000 shares during the last quarter. Finally, Cornerstone Advisory LLC raised its stake in Oaktree Specialty Lending by 167.4% during the fourth quarter. Cornerstone Advisory LLC now owns 172,233 shares of the credit services provider's stock worth $2,718,000 after buying an additional 107,822 shares during the last quarter. Institutional investors own 36.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OCSL. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of 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. Keefe, Bruyette & Woods lowered their target price on shares of 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 started coverage on shares of 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. Finally, Wells Fargo & Company reduced their price target on shares of 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 analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $15.83.

Oaktree Specialty Lending Stock Down 0.3%

NASDAQ:OCSL traded down $0.05 during trading hours on Friday, reaching $14.60. The company had a trading volume of 394,761 shares, compared to its average volume of 754,095. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 21.79 and a beta of 0.74. The business's 50-day simple moving average is $14.23 and its two-hundred day simple moving average is $15.20. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.80.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). The business had revenue of $70.52 million for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.56 earnings per share. On average, equities analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.96%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is currently 1,230.77%.

Insider Activity

In related news, Director Craig A. Jacobson acquired 14,910 shares of the stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $13.41 per share, with a total value of $199,943.10. Following the completion of the transaction, the director now owns 71,667 shares in the company, valued at approximately $961,054.47. The trade was a 26.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Armen Panossian acquired 8,000 shares of the stock in a transaction on Thursday, May 15th. The stock was bought at an average cost of $14.13 per share, for a total transaction of $113,040.00. Following the transaction, the insider now owns 20,789 shares of the company's stock, valued at approximately $293,748.57. This trade represents a 62.55% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company's stock.

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.