DnB Asset Management AS Has $2.32 Million Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

DnB Asset Management AS increased its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,485 shares of the credit services provider’s stock after buying an additional 34,378 shares during the quarter. DnB Asset Management AS’s holdings in Oaktree Specialty Lending were worth $2,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OCSL. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter valued at $44,000. Spire Wealth Management bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at about $68,000. Geneos Wealth Management Inc. acquired a new stake in Oaktree Specialty Lending in the 4th quarter valued at about $93,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending during the fourth quarter worth about $106,000. Finally, EMC Capital Management increased its position in Oaktree Specialty Lending by 53.2% during the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock worth $133,000 after buying an additional 3,026 shares during the last quarter. 36.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OCSL has been the subject of several research analyst reports. B. Riley downgraded Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a research note on Wednesday, December 11th. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Stock Up 0.4 %

OCSL opened at $15.42 on Wednesday. The stock has a fifty day moving average of $15.77 and a 200-day moving average of $15.86. The company has a market capitalization of $1.27 billion, a P/E ratio of 23.02 and a beta of 1.05. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $19.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30.

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

Oaktree Specialty Lending Cuts Dividend

The business 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. This represents a $1.60 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date was Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio is currently 238.81%.

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.