Virtus ETF Advisers LLC Has $1.16 Million Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Virtus ETF Advisers LLC increased its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 38.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,651 shares of the credit services provider's stock after buying an additional 21,100 shares during the period. Virtus ETF Advisers LLC owned 0.09% of Oaktree Specialty Lending worth $1,156,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $44,000. Spire Wealth Management acquired a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $68,000. Geneos Wealth Management Inc. acquired a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $93,000. SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $106,000. Finally, EMC Capital Management grew its holdings in 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 and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock traded down $1.12 during trading hours on Thursday, hitting $13.28. 1,267,673 shares of the stock were exchanged, compared to its average volume of 746,894. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $1.09 billion, a P/E ratio of 19.82 and a beta of 0.84. Oaktree Specialty Lending Co. has a 12 month low of $12.50 and a 12 month high of $19.80. The business's 50-day moving average is $15.02 and its two-hundred day moving average is $15.54.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $70.52 million for the quarter, compared to the consensus estimate of $84.67 million. During the same period last year, the company earned $0.56 earnings per share. Equities research analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 12.05%. Oaktree Specialty Lending's dividend payout ratio (DPR) is currently 238.81%.

Analysts Set New Price Targets

Several brokerages have commented on OCSL. Keefe, Bruyette & Woods lowered their price target on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, Oaktree Specialty Lending presently has an average rating of "Hold" and an average price target of $16.00.

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.