Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC trimmed its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,235 shares of the credit services provider’s stock after selling 800 shares during the quarter. Integrated Advisors Network LLC’s holdings in Oaktree Specialty Lending were worth $413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trinity Financial Advisors LLC boosted its holdings in shares of Oaktree Specialty Lending by 106.2% in the fourth quarter. Trinity Financial Advisors LLC now owns 484,890 shares of the credit services provider’s stock valued at $9,901,000 after acquiring an additional 249,714 shares during the period. Advisors Capital Management LLC acquired a new stake in shares of Oaktree Specialty Lending in the third quarter valued at approximately $4,626,000. Van ECK Associates Corp boosted its holdings in shares of Oaktree Specialty Lending by 10.8% in the fourth quarter. Van ECK Associates Corp now owns 1,415,358 shares of the credit services provider’s stock valued at $28,902,000 after acquiring an additional 137,929 shares during the period. Everpar Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $1,543,000. Finally, Significant Wealth Partners LLC acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $1,311,000. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Down 0.5 %

NASDAQ:OCSL opened at $18.92 on Wednesday. The stock has a fifty day moving average price of $19.40 and a two-hundred day moving average price of $19.91. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 14.12 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.24 and a current ratio of 0.24. Oaktree Specialty Lending Co. has a 1 year low of $18.41 and a 1 year high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). The business had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $99.66 million. Oaktree Specialty Lending had a return on equity of 12.16% and a net margin of 25.90%. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.28 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 11.63%. The ex-dividend date of this dividend is Friday, June 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 164.18%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OCSL. JPMorgan Chase & Co. decreased their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 12th. JMP Securities restated a “market outperform” rating and set a $21.00 price target on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.67.

About Oaktree Specialty Lending

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.