Bfsg LLC Raises Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Bfsg LLC lifted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 52.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,555 shares of the credit services provider’s stock after purchasing an additional 4,300 shares during the period. Bfsg LLC’s holdings in Oaktree Specialty Lending were worth $192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PFS Partners LLC boosted its holdings in Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after buying an additional 1,660 shares during the period. Spire Wealth Management bought a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $68,000. Geneos Wealth Management Inc. bought a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $93,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $106,000. Finally, EMC Capital Management boosted its holdings in Oaktree Specialty Lending by 53.2% in the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock valued at $133,000 after purchasing an additional 3,026 shares during the period. 36.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OCSL shares. Keefe, Bruyette & Woods cut their price target on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 20th. B. Riley downgraded shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target for the company. in a report on Wednesday, December 11th. JMP Securities downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company cut their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $15.95 on Wednesday. Oaktree Specialty Lending Co. has a 52-week low of $14.89 and a 52-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 company has a market capitalization of $1.31 billion, a P/E ratio of 23.81 and a beta of 1.08. The company has a fifty day moving average of $15.50 and a 200-day moving average of $16.04.

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

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s payout ratio is presently 328.36%.

Oaktree Specialty Lending 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.