Significant Wealth Partners LLC Acquires New Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Significant Wealth Partners LLC bought a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 64,194 shares of the credit services provider's stock, valued at approximately $1,311,000. Significant Wealth Partners LLC owned approximately 0.08% of Oaktree Specialty Lending at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OCSL. GraniteShares Advisors LLC raised its holdings in shares of Oaktree Specialty Lending by 0.7% in the 4th 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 during the period. Samalin Investment Counsel LLC raised its holdings in shares of Oaktree Specialty Lending by 1.2% in the 3rd quarter. Samalin Investment Counsel LLC now owns 48,514 shares of the credit services provider's stock valued at $976,000 after buying an additional 579 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Oaktree Specialty Lending by 4.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,615 shares of the credit services provider's stock valued at $294,000 after buying an additional 584 shares during the period. MRP Capital Investments LLC increased its holdings in Oaktree Specialty Lending by 3.2% during the 4th quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider's stock worth $403,000 after purchasing an additional 616 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in Oaktree Specialty Lending by 21.4% during the 4th quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider's stock worth $104,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 36.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. B. Riley downgraded Oaktree Specialty Lending from a "buy" rating to a "neutral" rating and set a $21.00 price target on the stock. in a report on Monday, January 8th. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods cut Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $22.00 to $19.00 in a research report on Friday, February 2nd. JMP Securities reaffirmed 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. Finally, JPMorgan Chase & Co. decreased their target price 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $20.67.

Insiders Place Their Bets

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell bought 2,000 shares of the business's stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $20.07 per share, with a total value of $40,140.00. Following the purchase, the director now owns 11,166 shares in the company, valued at approximately $224,101.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by insiders.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock traded down $0.14 during mid-day trading on Monday, reaching $19.60. 497,660 shares of the company were exchanged, compared to its average volume of 660,707. Oaktree Specialty Lending Co. has a twelve month low of $17.99 and a twelve month high of $21.64. The firm's 50-day simple moving average is $19.61 and its two-hundred day simple moving average is $19.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $1.55 billion, a PE ratio of 12.98 and a beta of 1.06.

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

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.20 dividend on an annualized basis and a yield of 11.22%. Oaktree Specialty Lending's payout ratio is 145.70%.

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.