Lindbrook Capital LLC Has $15.63 Million Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Lindbrook Capital LLC decreased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 765,364 shares of the credit services provider's stock after selling 186,197 shares during the quarter. Oaktree Specialty Lending comprises approximately 1.6% of Lindbrook Capital LLC's portfolio, making the stock its 11th biggest holding. Lindbrook Capital LLC owned about 0.97% of Oaktree Specialty Lending worth $15,629,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OCSL. abrdn plc increased its position in shares of Oaktree Specialty Lending by 40.0% in the fourth quarter. abrdn plc now owns 40,299 shares of the credit services provider's stock valued at $823,000 after buying an additional 11,521 shares in the last quarter. GraniteShares Advisors LLC increased its position in shares of Oaktree Specialty Lending by 0.7% in the fourth quarter. GraniteShares Advisors LLC now owns 71,772 shares of the credit services provider's stock valued at $1,466,000 after buying an additional 532 shares in the last quarter. Carnegie Capital Asset Management LLC increased its position in shares of Oaktree Specialty Lending by 2.6% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 222,888 shares of the credit services provider's stock valued at $4,551,000 after buying an additional 5,608 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Oaktree Specialty Lending by 8.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 230,790 shares of the credit services provider's stock valued at $4,713,000 after buying an additional 17,538 shares in the last quarter. Finally, Aire Advisors LLC purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter valued at $235,000. Hedge funds and other institutional investors own 36.79% of the company's stock.

Insider Activity at Oaktree Specialty Lending

In related news, Director Phyllis R. Caldwell bought 2,000 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $20.07 per share, for a total transaction of $40,140.00. Following the acquisition, the director now owns 11,166 shares in the company, valued at approximately $224,101.62. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company's stock.

Oaktree Specialty Lending Trading Up 1.3 %

NASDAQ:OCSL traded up $0.26 during mid-day trading on Friday, reaching $19.74. The company's stock had a trading volume of 509,423 shares, compared to its average volume of 465,131. The stock has a market cap of $1.56 billion, a P/E ratio of 13.07 and a beta of 1.06. Oaktree Specialty Lending Co. has a twelve month low of $17.99 and a twelve month high of $21.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.25 and a quick ratio of 0.25. The company's fifty day simple moving average is $19.62 and its two-hundred day simple moving average is $19.94.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The firm had revenue of $97.99 million during the quarter, compared to analyst estimates of $99.48 million. Oaktree Specialty Lending had a net margin of 28.81% and a return on equity of 12.22%. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, equities analysts predict that Oaktree Specialty Lending Co. will post 2.31 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.20 annualized dividend and a dividend yield of 11.14%. Oaktree Specialty Lending's payout ratio is currently 145.70%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OCSL shares. Keefe, Bruyette & Woods cut Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $22.00 to $19.00 in a research report on Friday, February 2nd. JMP Securities reiterated a "market outperform" rating and set a $21.00 price objective on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. B. Riley cut Oaktree Specialty Lending from a "buy" rating to a "neutral" rating and set a $21.00 price objective for the company. in a research report on Monday, January 8th. JPMorgan Chase & Co. dropped their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. Finally, Wells Fargo & Company lifted their price objective on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Monday, January 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $20.67.

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.