HighTower Advisors LLC Decreases Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

HighTower Advisors LLC reduced its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,788 shares of the credit services provider’s stock after selling 17,289 shares during the quarter. HighTower Advisors LLC owned about 0.15% of Oaktree Specialty Lending worth $1,891,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Canton Hathaway LLC bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at $44,000. Spire Wealth Management purchased a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $68,000. Geneos Wealth Management Inc. bought a new stake in Oaktree Specialty Lending in the fourth quarter valued at approximately $93,000. SG Americas Securities LLC purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $106,000. Finally, EMC Capital Management grew its holdings in shares of Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock worth $133,000 after purchasing an additional 3,026 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. B. Riley downgraded Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock opened at $15.62 on Monday. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $19.95. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 23.31 and a beta of 1.05. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The business’s fifty day moving average is $15.76 and its 200 day moving average is $15.91.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $86.65 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.57 EPS. Research analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal 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 given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 10.24%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 238.81%.

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.