Oaktree Specialty Lending Co. (NASDAQ:OCSL) Position Lifted by Gabelli Funds LLC

Gabelli Funds LLC raised its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 3.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 184,299 shares of the credit services provider’s stock after acquiring an additional 5,997 shares during the period. Gabelli Funds LLC’s holdings in Oaktree Specialty Lending were worth $2,816,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Confluence Investment Management LLC raised its stake in Oaktree Specialty Lending by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock valued at $1,993,000 after buying an additional 689 shares in the last quarter. Mandatum Life Insurance Co Ltd lifted its stake in Oaktree Specialty Lending by 2.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock worth $564,000 after purchasing an additional 830 shares during the last quarter. Jackson Hole Capital Partners LLC boosted its holdings in Oaktree Specialty Lending by 10.9% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider’s stock worth $285,000 after purchasing an additional 1,830 shares during the period. Guggenheim Capital LLC increased its stake in Oaktree Specialty Lending by 7.9% during the fourth quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider’s stock valued at $416,000 after purchasing an additional 1,983 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock worth $1,725,000 after purchasing an additional 2,140 shares during the period. Institutional investors and hedge funds own 36.79% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.42.

Oaktree Specialty Lending Stock Up 2.6 %

OCSL stock opened at $14.35 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $15.24 and its 200 day simple moving average is $15.64. The stock has a market cap of $1.18 billion, a PE ratio of 21.42 and a beta of 0.84. Oaktree Specialty Lending Co. has a fifty-two week low of $12.50 and a fifty-two week high of $19.95.

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 (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $86.65 million during the quarter, compared to the consensus estimate of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business’s revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, sell-side analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

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

Oaktree Specialty Lending 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.