200,853 Shares in Oaktree Specialty Lending Corp. $OCSL Purchased by Triad Investment Management

Triad Investment Management bought a new stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 200,853 shares of the credit services provider’s stock, valued at approximately $2,559,000. Oaktree Specialty Lending accounts for 2.6% of Triad Investment Management’s portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Oaktree Specialty Lending by 34.3% in the first quarter. Royal Bank of Canada now owns 468,879 shares of the credit services provider’s stock worth $7,201,000 after acquiring an additional 119,775 shares during the period. Creative Planning lifted its position in Oaktree Specialty Lending by 1.9% during the second quarter. Creative Planning now owns 53,128 shares of the credit services provider’s stock valued at $726,000 after purchasing an additional 996 shares during the period. Quantbot Technologies LP purchased a new stake in Oaktree Specialty Lending in the second quarter worth approximately $763,000. Plan Group Financial LLC boosted its holdings in Oaktree Specialty Lending by 23.4% in the second quarter. Plan Group Financial LLC now owns 92,151 shares of the credit services provider’s stock worth $1,259,000 after purchasing an additional 17,503 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Oaktree Specialty Lending in the 2nd quarter worth approximately $246,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analyst Upgrades and Downgrades

OCSL has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating for the company in a research note on Friday, March 13th. Wells Fargo & Company cut their price objective on Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Weiss Ratings cut Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Wall Street Zen downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, Zacks Research cut 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. Based on data from MarketBeat, Oaktree Specialty Lending presently has a consensus rating of “Reduce” and a consensus target price of $12.88.

Oaktree Specialty Lending Stock Down 1.0%

OCSL opened at $11.19 on Thursday. The firm’s 50 day simple moving average is $11.74 and its two-hundred day simple moving average is $12.72. The company has a market capitalization of $985.68 million, a PE ratio of 31.08 and a beta of 0.52. Oaktree Specialty Lending Corp. has a 1-year low of $10.63 and a 1-year high of $15.41. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.66.

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, beating analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $74.48 million during the quarter, compared to the consensus estimate of $75.72 million. Oaktree Specialty Lending had a net margin of 10.58% and a return on equity of 9.75%. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend was Monday, March 16th. Oaktree Specialty Lending’s payout ratio is currently 444.44%.

Insider Buying and Selling

In related news, Director Phyllis R. Caldwell purchased 2,500 shares of Oaktree Specialty Lending stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $10.77 per share, for a total transaction of $26,925.00. Following the completion of the transaction, the director directly owned 23,500 shares in the company, valued at $253,095. This represents a 11.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by insiders.

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.