Claret Asset Management Corp Has $22.85 Million Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Claret Asset Management Corp lifted its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,495,190 shares of the credit services provider’s stock after buying an additional 13,949 shares during the period. Oaktree Specialty Lending comprises approximately 3.6% of Claret Asset Management Corp’s holdings, making the stock its 8th largest holding. Claret Asset Management Corp’s holdings in Oaktree Specialty Lending were worth $22,846,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Private Management Group Inc. grew its holdings in shares of Oaktree Specialty Lending by 51.3% in the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider’s stock worth $32,534,000 after purchasing an additional 721,629 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Oaktree Specialty Lending by 3.5% during the fourth quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider’s stock worth $32,006,000 after purchasing an additional 71,808 shares during the last quarter. Bruni J V & Co. Co. grew its holdings in Oaktree Specialty Lending by 26.0% during the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider’s stock worth $29,483,000 after acquiring an additional 398,241 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Oaktree Specialty Lending by 1,300.1% in the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider’s stock valued at $13,384,000 after purchasing an additional 813,352 shares in the last quarter. Finally, Melia Wealth LLC boosted its position in Oaktree Specialty Lending by 5.2% in the 4th quarter. Melia Wealth LLC now owns 801,216 shares of the credit services provider’s stock valued at $12,243,000 after buying an additional 39,414 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 2.6 %

OCSL opened at $14.35 on Friday. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.95. The firm has a market cap of $1.18 billion, a PE ratio of 21.42 and a beta of 0.84. 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 firm’s fifty day moving average is $15.24 and its two-hundred day moving average is $15.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business had revenue of $86.65 million for the quarter, compared to analysts’ expectations of $91.93 million. During the same quarter in the previous year, the business posted $0.57 EPS. Oaktree Specialty Lending’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities research analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 11.15%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 238.81%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of 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 equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.42.

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.