SG Americas Securities LLC Takes $106,000 Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

SG Americas Securities LLC bought a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,965 shares of the credit services provider’s stock, valued at approximately $106,000.

Other institutional investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC bought a new position in shares of Oaktree Specialty Lending in the third quarter valued at approximately $2,849,000. Barclays PLC grew its holdings in shares of Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock valued at $1,725,000 after acquiring an additional 2,140 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Oaktree Specialty Lending by 21.2% in the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock valued at $885,000 after acquiring an additional 9,495 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after acquiring an additional 672,561 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new position in shares of Oaktree Specialty Lending in the third quarter valued at approximately $6,598,000. 36.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on OCSL. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods decreased their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, Citizens Jmp downgraded Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $15.72 on Thursday. The stock has a market cap of $1.29 billion, a PE ratio of 23.46 and a beta of 1.08. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $20.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.19 and a current ratio of 0.30. The stock has a fifty day moving average of $15.54 and a 200-day moving average of $16.10.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $86.65 million during the quarter, compared to analysts’ expectations of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Equities research analysts anticipate that Oaktree Specialty Lending Co. will post 2.07 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.18%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio is 328.36%.

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.