Muzinich & Co. Inc. Has $3.63 Million Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Muzinich & Co. Inc. grew its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,302 shares of the credit services provider’s stock after purchasing an additional 27,624 shares during the period. Oaktree Specialty Lending makes up 2.3% of Muzinich & Co. Inc.’s portfolio, making the stock its 13th biggest position. Muzinich & Co. Inc. owned about 0.29% of Oaktree Specialty Lending worth $3,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of OCSL. 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 worth $32,534,000 after buying an additional 721,629 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in shares of Oaktree Specialty Lending in the third quarter worth about $6,598,000. Harbor Capital Advisors Inc. boosted its stake in shares of Oaktree Specialty Lending by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock worth $6,664,000 after acquiring an additional 243,963 shares in the last quarter. Sovran Advisors LLC acquired a new stake in Oaktree Specialty Lending in the 4th quarter worth approximately $2,843,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Oaktree Specialty Lending during the third quarter valued at approximately $2,849,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

OCSL stock opened at $15.92 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $20.08. The company has a market cap of $1.31 billion, a P/E ratio of 23.76 and a beta of 1.08. The business has a fifty day moving average of $15.54 and a 200-day moving average of $16.03.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data 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 firm 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 company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. As a group, equities research analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.05%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio is presently 238.81%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. B. Riley lowered 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. Keefe, Bruyette & Woods cut 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. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, Citizens Jmp cut shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.75.

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.