Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 67.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,428 shares of the credit services provider's stock after selling 162,059 shares during the quarter. Marshall Wace LLP owned 0.09% of Oaktree Specialty Lending worth $1,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OCSL. Canton Hathaway LLC acquired a new position in shares of Oaktree Specialty Lending in the fourth quarter worth $44,000. Spire Wealth Management acquired a new position in Oaktree Specialty Lending during the 4th quarter worth $68,000. Geneos Wealth Management Inc. purchased a new stake in Oaktree Specialty Lending during the 4th quarter worth about $93,000. SG Americas Securities LLC acquired a new stake in Oaktree Specialty Lending in the 4th quarter valued at about $106,000. Finally, EMC Capital Management boosted its stake in shares of Oaktree Specialty Lending by 53.2% in the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after buying an additional 3,026 shares during the period. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Performance

OCSL traded down $0.15 on Monday, reaching $13.45. The company had a trading volume of 138,101 shares, compared to its average volume of 749,992. The stock has a 50-day moving average price of $14.92 and a 200-day moving average price of $15.48. The stock has a market capitalization of $1.11 billion, a PE ratio of 20.04 and a beta of 0.74. Oaktree Specialty Lending Co. has a 1 year low of $12.50 and a 1 year high of $19.80. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its earnings results 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 firm had revenue of $70.52 million during 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 period last year, the company earned $0.56 earnings per share. As a group, research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 11.90%. Oaktree Specialty Lending's dividend payout ratio is presently 1,230.77%.

Analyst Upgrades and Downgrades

OCSL has been the topic of several analyst reports. 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 on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. reduced their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, 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. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.