Wills Financial Group LLC Acquires New Holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Wills Financial Group LLC bought a new position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 231,835 shares of the credit services provider's stock, valued at approximately $3,561,000. Oaktree Specialty Lending makes up about 1.6% of Wills Financial Group LLC's portfolio, making the stock its 25th largest holding. Wills Financial Group LLC owned about 0.26% of Oaktree Specialty Lending as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OCSL. Oppenheimer & Co. Inc. acquired a new position in shares of Oaktree Specialty Lending during the 1st quarter valued at about $381,000. Claret Asset Management Corp grew its stake in 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 buying an additional 13,949 shares during the last quarter. ProShare Advisors LLC lifted its position in Oaktree Specialty Lending by 16.6% during the 4th quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock worth $228,000 after acquiring an additional 2,124 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at about $701,000. Finally, Northern Trust Corp grew its position in shares of Oaktree Specialty Lending by 31.0% in the fourth quarter. Northern Trust Corp now owns 57,539 shares of the credit services provider's stock valued at $879,000 after purchasing an additional 13,626 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Up 0.6%

Shares of NASDAQ OCSL traded up $0.08 during mid-day trading on Wednesday, reaching $13.36. 738,465 shares of the company's stock were exchanged, compared to its average volume of 724,203. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 102.77 and a beta of 0.69. Oaktree Specialty Lending Corp. has a twelve month low of $12.50 and a twelve month high of $17.16. The business has a fifty day simple moving average of $14.09 and a 200 day simple moving average of $14.68. 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 issued its quarterly 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). The company had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. During the same period last year, the company posted $0.55 earnings per share. As a group, equities analysts expect that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 12.0%. Oaktree Specialty Lending's dividend payout ratio is 1,230.77%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. 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. Keefe, Bruyette & Woods dropped their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Wells Fargo & Company reduced their target price on shares of 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 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Oaktree Specialty Lending has a consensus rating of "Hold" and a consensus price target of $15.00.

Insider Activity at Oaktree Specialty Lending

In related news, insider Armen Panossian bought 8,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was purchased at an average cost of $14.13 per share, for a total transaction of $113,040.00. Following the transaction, the insider owned 20,789 shares in the company, valued at $293,748.57. The trade was a 62.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.