JPMorgan Chase & Co. Has $2.50 Million Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

JPMorgan Chase & Co. raised its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 101.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,387 shares of the credit services provider's stock after buying an additional 82,464 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of Oaktree Specialty Lending worth $2,497,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Stifel Financial Corp increased its position in shares of Oaktree Specialty Lending by 21.2% during the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider's stock valued at $885,000 after purchasing an additional 9,495 shares during the period. MML Investors Services LLC bought a new stake in shares of Oaktree Specialty Lending during the third quarter valued at approximately $175,000. Barclays PLC increased its position in shares of Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock valued at $1,725,000 after purchasing an additional 2,140 shares during the period. Rivernorth Capital Management LLC bought a new stake in shares of Oaktree Specialty Lending during the third quarter valued at approximately $6,598,000. Finally, Confluence Investment Management LLC increased its position in shares of Oaktree Specialty Lending by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider's stock valued at $1,993,000 after purchasing an additional 689 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL traded down $0.27 during trading on Tuesday, reaching $14.62. The company had a trading volume of 534,864 shares, compared to its average volume of 746,323. Oaktree Specialty Lending Co. has a 52 week low of $12.50 and a 52 week high of $19.80. The stock has a market cap of $1.20 billion, a PE ratio of 21.82 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The business's 50 day moving average price is $15.05 and its 200-day moving average price is $15.55.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, hitting analysts' consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $86.65 million during the quarter, compared to the consensus estimate of $91.93 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The company's revenue was down 11.6% on a year-over-year basis. Analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 10.94%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio is 238.81%.

Wall Street Analyst Weigh In

OCSL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped 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. JPMorgan Chase & Co. cut their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company cut 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. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $16.00.

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.