Castlekeep Investment Advisors LLC Purchases Shares of 289,711 Oaktree Specialty Lending Corp. $OCSL

Castlekeep Investment Advisors LLC bought a new position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) during the second quarter, Holdings Channel.com reports. The fund bought 289,711 shares of the credit services provider’s stock, valued at approximately $3,459,000. Oaktree Specialty Lending accounts for 1.7% of Castlekeep Investment Advisors LLC’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG grew its position in Oaktree Specialty Lending by 47.5% in the 4th quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock worth $16,991,000 after purchasing an additional 429,303 shares in the last quarter. Plan Group Financial LLC purchased a new position in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $2,416,000. Bruni J V & Co. Co. bought a new position in shares of Oaktree Specialty Lending in the second quarter valued at approximately $29,549,160,000. Private Management Group Inc. grew its holdings in shares of Oaktree Specialty Lending by 8.1% in the fourth quarter. Private Management Group Inc. now owns 3,259,370 shares of the credit services provider’s stock valued at $41,524,000 after acquiring an additional 245,207 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $2,917,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Analyst Ratings Changes

OCSL has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Tuesday. Weiss Ratings raised shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. B. Riley Financial reiterated a “neutral” rating on shares of Oaktree Specialty Lending in a research note on Friday, August 7th. Finally, Oppenheimer set a $13.00 price objective on Oaktree Specialty Lending in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus target price of $11.83.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $13.15 on Wednesday. The company’s fifty day moving average price is $12.19 and its 200-day moving average price is $11.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 27.40 and a beta of 0.49. Oaktree Specialty Lending Corp. has a one year low of $10.63 and a one year high of $14.31.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Wednesday, August 5th. The credit services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. The company had revenue of $69.15 million for the quarter, compared to analysts’ expectations of $69.40 million. On average, equities research analysts anticipate that Oaktree Specialty Lending Corp. will post 1.51 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Oaktree Specialty Lending’s payout ratio is presently 250.00%.

Oaktree Specialty Lending Company 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.