Oaktree Specialty Lending Co. (NASDAQ:OCSL) Holdings Lifted by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,893 shares of the credit services provider’s stock after buying an additional 1,194 shares during the period. ProShare Advisors LLC’s holdings in Oaktree Specialty Lending were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Security National Bank bought a new stake in Oaktree Specialty Lending during the 2nd quarter valued at $42,000. Brown Brothers Harriman & Co. bought a new stake in shares of Oaktree Specialty Lending during the second quarter valued at about $56,000. Financial Strategies Group Inc. bought a new stake in shares of Oaktree Specialty Lending during the first quarter valued at about $197,000. Register Financial Advisors LLC lifted its holdings in Oaktree Specialty Lending by 23.6% in the second quarter. Register Financial Advisors LLC now owns 13,283 shares of the credit services provider’s stock worth $250,000 after purchasing an additional 2,540 shares during the period. Finally, Plan Group Financial LLC bought a new position in Oaktree Specialty Lending in the 1st quarter valued at about $262,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ OCSL opened at $16.38 on Friday. The stock’s fifty day simple moving average is $16.60 and its 200 day simple moving average is $18.25. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.22 and a beta of 1.09. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61. Oaktree Specialty Lending Co. has a 52-week low of $15.56 and a 52-week high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Oaktree Specialty Lending had a return on equity of 12.03% and a net margin of 17.21%. The company had revenue of $94.97 million during the quarter, compared to analysts’ expectations of $99.35 million. As a group, sell-side analysts forecast that Oaktree Specialty Lending Co. will post 2.24 earnings per share for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.55 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.20 annualized dividend and a dividend yield of 13.43%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 164.18%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Oaktree Specialty Lending to a “hold” rating in a research report on Friday, August 2nd. StockNews.com lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Wells Fargo & Company downgraded Oaktree Specialty Lending from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $18.00 to $17.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. decreased their target price on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research note on Monday, July 29th. Finally, Oppenheimer cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $20.00 to $18.00 in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Oaktree Specialty Lending currently has an average rating of “Hold” and an average target price of $18.25.

Oaktree Specialty Lending Company 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.