Trinity Financial Advisors LLC Has $9.90 Million Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Trinity Financial Advisors LLC grew its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 106.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 484,890 shares of the credit services provider's stock after acquiring an additional 249,714 shares during the quarter. Oaktree Specialty Lending comprises 4.8% of Trinity Financial Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Trinity Financial Advisors LLC owned about 0.61% of Oaktree Specialty Lending worth $9,901,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. GraniteShares Advisors LLC increased 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 acquiring an additional 532 shares during the last quarter. Samalin Investment Counsel LLC grew its stake in Oaktree Specialty Lending by 1.2% during the 3rd quarter. Samalin Investment Counsel LLC now owns 48,514 shares of the credit services provider's stock worth $976,000 after buying an additional 579 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Oaktree Specialty Lending by 4.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,615 shares of the credit services provider's stock worth $294,000 after buying an additional 584 shares during the last quarter. MRP Capital Investments LLC grew its stake 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 buying an additional 616 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake 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 buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods downgraded Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $22.00 to $19.00 in a research note on Friday, February 2nd. JMP Securities restated a "market outperform" rating and set a $21.00 price target on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. JPMorgan Chase & Co. dropped their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, April 12th. Wells Fargo & Company increased 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $20.67.

Insider Buying and Selling

In other news, Director Phyllis R. Caldwell acquired 2,000 shares of Oaktree Specialty Lending stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $20.07 per share, with a total value of $40,140.00. Following the completion of the acquisition, the director now owns 11,166 shares in the company, valued at approximately $224,101.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.

Oaktree Specialty Lending Price Performance

Shares of OCSL traded up $0.34 during mid-day trading on Wednesday, hitting $19.50. The company's stock had a trading volume of 731,775 shares, compared to its average volume of 653,937. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $19.56 and a 200 day simple moving average of $19.96. The firm has a market capitalization of $1.54 billion, a P/E ratio of 12.93 and a beta of 1.06. Oaktree Specialty Lending Co. has a 1-year low of $17.99 and a 1-year high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). The business had revenue of $94.03 million during the quarter, compared to analyst estimates of $99.66 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 business earned $0.62 earnings per share. Analysts predict that Oaktree Specialty Lending Co. will post 2.31 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed 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 was Thursday, March 14th. This represents a $2.20 annualized dividend and a yield of 11.28%. Oaktree Specialty Lending's dividend payout ratio is presently 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.