Wells Fargo & Company MN Has $5.35 Million Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Wells Fargo & Company MN cut its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 350,176 shares of the credit services provider's stock after selling 67,908 shares during the quarter. Wells Fargo & Company MN owned 0.43% of Oaktree Specialty Lending worth $5,351,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Canton Hathaway LLC bought a new stake in Oaktree Specialty Lending in the fourth quarter worth about $44,000. Spire Wealth Management acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at $68,000. Geneos Wealth Management Inc. bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $93,000. SG Americas Securities LLC acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $106,000. Finally, EMC Capital Management raised its position 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 worth $133,000 after purchasing an additional 3,026 shares during the period. Institutional investors own 36.79% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods dropped their price target on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, Oaktree Specialty Lending has a consensus rating of "Hold" and a consensus price target of $16.42.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock traded up $0.10 on Thursday, reaching $14.52. The stock had a trading volume of 53,728 shares, compared to its average volume of 743,466. Oaktree Specialty Lending Co. has a fifty-two week low of $12.50 and a fifty-two week high of $19.95. The business's 50-day moving average price is $15.15 and its two-hundred day moving average price is $15.60. 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 cap of $1.19 billion, a P/E ratio of 21.66 and a beta of 0.84.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. The company had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The company's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. On average, sell-side analysts forecast that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.02%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio is presently 238.81%.

Oaktree Specialty Lending Company 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.