Texas Capital Bank Wealth Management Services Inc Takes $488,000 Position in Oaktree Specialty Lending Corp. $OCSL

Texas Capital Bank Wealth Management Services Inc purchased a new stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) during the second quarter, Holdings Channel reports. The firm purchased 40,835 shares of the credit services provider’s stock, valued at approximately $488,000.

Several other hedge funds have also recently bought and sold shares of OCSL. UBS Group AG boosted its stake in Oaktree Specialty Lending by 47.5% in the fourth quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock worth $16,991,000 after purchasing an additional 429,303 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of Oaktree Specialty Lending by 8.1% in the fourth quarter. Private Management Group Inc. now owns 3,259,370 shares of the credit services provider’s stock valued at $41,524,000 after buying an additional 245,207 shares during the last quarter. Plan Group Financial LLC acquired a new position in Oaktree Specialty Lending during the 2nd quarter worth about $2,416,000. Thrivent Financial for Lutherans acquired a new position in Oaktree Specialty Lending during the 4th quarter worth about $2,917,000. Finally, Legal & General Group Plc grew its holdings in Oaktree Specialty Lending by 15.7% during the 4th quarter. Legal & General Group Plc now owns 616,676 shares of the credit services provider’s stock worth $7,853,000 after acquiring an additional 83,827 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Shares of OCSL opened at $12.85 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.68. Oaktree Specialty Lending Corp. has a 1 year low of $10.63 and a 1 year high of $14.31. The stock has a market cap of $1.13 billion, a P/E ratio of 26.77 and a beta of 0.49. The stock’s 50-day moving average price is $12.05 and its two-hundred day moving average price is $11.95.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $69.15 million for the quarter, compared to the consensus estimate of $69.40 million. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. On average, equities analysts predict that Oaktree Specialty Lending Corp. will post 1.51 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 15th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 250.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings upgraded shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Oppenheimer set a $13.00 price objective on Oaktree Specialty Lending in a report on Wednesday, May 6th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and an average target price of $11.83.

Oaktree Specialty Lending Company 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.