Everpar Advisors LLC Makes New $1.54 Million Investment in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Everpar Advisors LLC bought a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 75,569 shares of the credit services provider's stock, valued at approximately $1,543,000. Oaktree Specialty Lending accounts for approximately 0.7% of Everpar Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. Everpar Advisors LLC owned about 0.10% of Oaktree Specialty Lending at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of OCSL. Van ECK Associates Corp increased its stake in shares of Oaktree Specialty Lending by 10.8% in the 4th quarter. Van ECK Associates Corp now owns 1,415,358 shares of the credit services provider's stock valued at $28,902,000 after buying an additional 137,929 shares during the period. LSV Asset Management grew its holdings in Oaktree Specialty Lending by 6.2% during the third quarter. LSV Asset Management now owns 1,137,333 shares of the credit services provider's stock valued at $22,883,000 after purchasing an additional 66,066 shares during the period. Punch & Associates Investment Management Inc. increased its stake in Oaktree Specialty Lending by 0.6% in the third quarter. Punch & Associates Investment Management Inc. now owns 785,584 shares of the credit services provider's stock valued at $15,806,000 after purchasing an additional 4,715 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Oaktree Specialty Lending by 0.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider's stock worth $11,913,000 after buying an additional 3,897 shares during the period. Finally, Trinity Financial Advisors LLC lifted its holdings in Oaktree Specialty Lending by 106.2% during the fourth quarter. Trinity Financial Advisors LLC now owns 484,890 shares of the credit services provider's stock worth $9,901,000 after acquiring an additional 249,714 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. JPMorgan Chase & Co. decreased their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, April 12th. JMP Securities reaffirmed a "market outperform" rating and set a $21.00 price target on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods downgraded Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $22.00 to $19.00 in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.67.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock traded down $0.05 on Wednesday, hitting $19.13. The stock had a trading volume of 353,601 shares, compared to its average volume of 646,944. The business's 50 day moving average is $19.48 and its two-hundred day moving average is $19.95. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 14.31 and a beta of 1.06. Oaktree Specialty Lending Co. has a twelve month low of $18.15 and a twelve month high of $21.64. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.59.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.01). Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. The business had revenue of $94.03 million during the quarter, compared to analyst estimates of $99.66 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Analysts forecast that Oaktree Specialty Lending Co. will post 2.28 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.20 dividend on an annualized basis and a yield of 11.50%. Oaktree Specialty Lending's dividend payout ratio (DPR) is 164.18%.

Insider Buying and Selling at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell acquired 2,000 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $20.07 per share, for a total transaction of $40,140.00. Following the transaction, the director now directly owns 11,166 shares in the company, valued at $224,101.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

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.

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