Oaktree Specialty Lending Corp. $OCSL Shares Bought by Private Management Group Inc.

Private Management Group Inc. lifted its position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 25.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,014,163 shares of the credit services provider’s stock after acquiring an additional 607,493 shares during the period. Oaktree Specialty Lending comprises approximately 1.2% of Private Management Group Inc.’s holdings, making the stock its 17th largest holding. Private Management Group Inc. owned about 3.42% of Oaktree Specialty Lending worth $39,335,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bruni J V & Co. Co. increased its stake in Oaktree Specialty Lending by 12.4% during the third quarter. Bruni J V & Co. Co. now owns 2,487,019 shares of the credit services provider’s stock valued at $32,456,000 after purchasing an additional 274,667 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Oaktree Specialty Lending by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,173,257 shares of the credit services provider’s stock valued at $28,361,000 after buying an additional 134,557 shares during the period. Generali Asset Management SPA SGR grew its position in shares of Oaktree Specialty Lending by 10.6% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,087,981 shares of the credit services provider’s stock valued at $27,248,000 after buying an additional 199,415 shares during the last quarter. Claret Asset Management Corp raised its stake in Oaktree Specialty Lending by 11.8% during the second quarter. Claret Asset Management Corp now owns 1,700,738 shares of the credit services provider’s stock worth $23,232,000 after acquiring an additional 179,563 shares during the period. Finally, Melia Wealth LLC lifted its holdings in Oaktree Specialty Lending by 22.8% in the third quarter. Melia Wealth LLC now owns 1,215,842 shares of the credit services provider’s stock worth $15,867,000 after acquiring an additional 225,384 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Weiss Ratings downgraded Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Wells Fargo & Company dropped their price target on Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 5th. Lucid Cap Mkts raised Oaktree Specialty Lending to a “hold” rating in a report on Monday, December 15th. Wall Street Zen upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Zacks Research lowered Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $12.88.

Oaktree Specialty Lending Stock Performance

OCSL opened at $11.10 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $12.17 and its 200-day moving average is $12.97. The stock has a market cap of $977.80 million, a PE ratio of 30.83 and a beta of 0.52. Oaktree Specialty Lending Corp. has a twelve month low of $11.08 and a twelve month high of $15.85.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.The business had revenue of $74.48 million during the quarter, compared to analyst estimates of $75.72 million. During the same period in the prior year, the company posted $0.54 EPS. On average, analysts predict that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 14.4%. The ex-dividend date is Monday, March 16th. Oaktree Specialty Lending’s payout ratio is 444.44%.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.