Oaktree Specialty Lending Corp. $OCSL Shares Acquired by Muzinich & Co. Inc.

Muzinich & Co. Inc. lifted its position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 26.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 330,906 shares of the credit services provider’s stock after acquiring an additional 70,052 shares during the period. Oaktree Specialty Lending accounts for 1.7% of Muzinich & Co. Inc.’s portfolio, making the stock its 18th biggest holding. Muzinich & Co. Inc.’s holdings in Oaktree Specialty Lending were worth $4,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Old Port Advisors bought a new stake in shares of Oaktree Specialty Lending during the second quarter worth $915,000. Arlington Capital Management Inc. bought a new position in shares of Oaktree Specialty Lending during the second quarter valued at $941,000. MAI Capital Management grew its stake in Oaktree Specialty Lending by 554.2% during the first quarter. MAI Capital Management now owns 29,157 shares of the credit services provider’s stock worth $448,000 after purchasing an additional 24,700 shares during the period. Whipplewood Advisors LLC grew its stake in Oaktree Specialty Lending by 138,043.4% in the second quarter. Whipplewood Advisors LLC now owns 73,216 shares of the credit services provider’s stock valued at $1,000,000 after acquiring an additional 73,163 shares during the period. Finally, Caxton Associates LLP acquired a new position in shares of Oaktree Specialty Lending during the first quarter valued at about $725,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock opened at $12.76 on Tuesday. The stock’s fifty day moving average is $13.51 and its 200 day moving average is $13.59. Oaktree Specialty Lending Corp. has a one year low of $12.44 and a one year high of $16.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a market cap of $1.12 billion, a P/E ratio of 32.72 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Tuesday, November 18th. The credit services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Oaktree Specialty Lending had a net margin of 10.71% and a return on equity of 10.31%. The business had revenue of $76.87 million during the quarter, compared to analyst estimates of $76.51 million. During the same period last year, the firm posted $0.45 EPS. Sell-side analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Monday, December 15th. Oaktree Specialty Lending’s dividend payout ratio is currently 410.26%.

Analysts Set New Price Targets

A number of research analysts have issued reports on OCSL shares. Lucid Cap Mkts upgraded Oaktree Specialty Lending to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings cut shares of Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 22nd. Finally, Zacks Research raised shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $14.25.

Oaktree Specialty Lending 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.