Strategic Financial Concepts LLC Takes $311,000 Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Strategic Financial Concepts LLC bought a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,368 shares of the credit services provider’s stock, valued at approximately $311,000.

Other institutional investors also recently bought and sold shares of the company. Private Management Group Inc. increased its holdings in Oaktree Specialty Lending by 51.3% in the fourth quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider’s stock valued at $32,534,000 after buying an additional 721,629 shares in the last quarter. Financial Strategies Group Inc. increased its stake in shares of Oaktree Specialty Lending by 32.7% in the 4th quarter. Financial Strategies Group Inc. now owns 37,388 shares of the credit services provider’s stock valued at $559,000 after purchasing an additional 9,207 shares in the last quarter. Round Rock Advisors LLC acquired a new position in Oaktree Specialty Lending in the 4th quarter worth about $362,000. Spire Wealth Management purchased a new position in Oaktree Specialty Lending during the fourth quarter worth approximately $68,000. Finally, Sonora Investment Management Group LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter valued at approximately $209,000. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on OCSL shares. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reduced their price objective on shares of 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. B. Riley cut shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a research note on Wednesday, December 11th. Finally, StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $15.72 on Thursday. The company has a market cap of $1.29 billion, a P/E ratio of 23.46 and a beta of 1.08. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $20.43. The company’s 50-day moving average price is $15.54 and its 200-day moving average price is $16.10. The company has a current ratio of 0.30, a quick ratio of 0.19 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL) last released 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. The business had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The business’s revenue was down 11.6% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. On average, sell-side analysts forecast that Oaktree Specialty Lending Co. will post 2.07 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 Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 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.