Samalin Investment Counsel LLC Sells 15,595 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Samalin Investment Counsel LLC decreased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 27.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,534 shares of the credit services provider’s stock after selling 15,595 shares during the period. Samalin Investment Counsel LLC’s holdings in Oaktree Specialty Lending were worth $619,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of OCSL. Canton Hathaway LLC bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at $44,000. Spire Wealth Management bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at $68,000. Geneos Wealth Management Inc. bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at $93,000. SG Americas Securities LLC bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at $106,000. Finally, EMC Capital Management boosted 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 valued at $133,000 after acquiring an additional 3,026 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $15.62 on Friday. The firm’s 50-day moving average price is $15.76 and its 200-day moving average price is $15.91. Oaktree Specialty Lending Co. has a 1-year low of $14.89 and a 1-year high of $19.95. The firm has a market capitalization of $1.28 billion, a P/E ratio of 23.31 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. During the same quarter in the prior year, the business posted $0.57 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. Equities research analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.24%. Oaktree Specialty Lending’s dividend payout ratio is presently 238.81%.

Wall Street Analyst Weigh In

A number of brokerages have commented on OCSL. B. Riley cut shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a research report 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.75.

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.