Wills Financial Group Inc. Buys Shares of 166,498 Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Wills Financial Group Inc. bought a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 166,498 shares of the credit services provider's stock, valued at approximately $2,544,000. Wills Financial Group Inc. owned about 0.20% of Oaktree Specialty Lending at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock valued at $1,725,000 after purchasing an additional 2,140 shares during the period. Claret Asset Management Corp increased its holdings in Oaktree Specialty Lending by 0.9% in the 4th quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider's stock valued at $22,846,000 after buying an additional 13,949 shares during the period. Rivernorth Capital Management LLC bought a new position in shares of Oaktree Specialty Lending during the 3rd quarter worth about $6,598,000. MML Investors Services LLC acquired a new stake in shares of Oaktree Specialty Lending during the 3rd quarter valued at about $175,000. Finally, Rezny Wealth Management Inc. increased its stake in Oaktree Specialty Lending by 6.4% in the fourth quarter. Rezny Wealth Management Inc. now owns 274,035 shares of the credit services provider's stock valued at $4,187,000 after acquiring an additional 16,544 shares during the period. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock traded down $1.11 during midday trading on Thursday, reaching $13.30. The company had a trading volume of 1,267,673 shares, compared to its average volume of 746,894. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.82 and a beta of 0.84. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $15.02 and a 200 day simple moving average of $15.54. 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 issued its quarterly earnings results 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 firm had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. During the same period last year, the company earned $0.56 EPS. As a group, equities research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 12.03%. The ex-dividend date was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 238.81%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods cut their target price on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, 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 research report on Monday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.