Oaktree Specialty Lending Co. (NASDAQ:OCSL) Holdings Trimmed by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 50.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,574 shares of the credit services provider's stock after selling 46,289 shares during the quarter. Cresset Asset Management LLC owned 0.06% of Oaktree Specialty Lending worth $696,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OCSL. Canton Hathaway LLC bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $44,000. Spire Wealth Management bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $68,000. Geneos Wealth Management Inc. bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $93,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $106,000. Finally, EMC Capital Management lifted its holdings in shares of Oaktree Specialty Lending by 53.2% during the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after purchasing an additional 3,026 shares during the last quarter. Institutional investors own 36.79% of the company's stock.

Insider Buying and Selling

In other news, Director Craig A. Jacobson purchased 14,910 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $13.41 per share, with a total value of $199,943.10. Following the purchase, the director now directly owns 71,667 shares of the company's stock, valued at approximately $961,054.47. This trade represents a 26.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.28% of the company's stock.

Oaktree Specialty Lending Stock Up 1.6%

Shares of Oaktree Specialty Lending stock opened at $14.24 on Wednesday. The stock has a 50-day moving average price of $14.59 and a 200 day moving average price of $15.36. The company has a market cap of $1.25 billion, a P/E ratio of 21.25 and a beta of 0.74. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a 1 year low of $12.50 and a 1 year high of $19.80.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). The business had revenue of $70.52 million during the quarter, compared to analysts' expectations of $84.67 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. During the same period in the prior year, the company posted $0.56 earnings per share. As a group, analysts expect 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. Investors of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.24%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is currently 1,230.77%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. B. Riley assumed coverage on Oaktree Specialty Lending in a report on Tuesday. They set a "neutral" rating and a $14.00 target price for the company. Keefe, Bruyette & Woods reduced their target price on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, StockNews.com downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $15.83.

About Oaktree Specialty Lending

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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