TrueMark Investments LLC Sells 54,211 Shares of Oaktree Specialty Lending Corp. $OCSL

TrueMark Investments LLC lessened its position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 65.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,133 shares of the credit services provider’s stock after selling 54,211 shares during the period. TrueMark Investments LLC’s holdings in Oaktree Specialty Lending were worth $329,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Garner Asset Management Corp acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth about $38,000. Northwestern Mutual Wealth Management Co. acquired a new position in Oaktree Specialty Lending in the fourth quarter valued at about $42,000. Tower Research Capital LLC TRC grew its stake in Oaktree Specialty Lending by 1,025.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,163 shares of the credit services provider’s stock worth $57,000 after buying an additional 3,793 shares during the last quarter. Security National Bank grew its stake in Oaktree Specialty Lending by 40.6% during the fourth quarter. Security National Bank now owns 4,607 shares of the credit services provider’s stock worth $59,000 after buying an additional 1,330 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth approximately $86,000. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Down 1.6%

Shares of NASDAQ:OCSL opened at $11.36 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.00 billion, a P/E ratio of 19.93 and a beta of 0.50. Oaktree Specialty Lending Corp. has a 12 month low of $10.63 and a 12 month high of $14.77. The company’s 50-day moving average price is $12.10 and its two-hundred day moving average price is $12.16.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Oaktree Specialty Lending had a net margin of 16.66% and a return on equity of 9.56%. The company had revenue of $69.74 million during the quarter, compared to the consensus estimate of $74.35 million. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, research analysts forecast that Oaktree Specialty Lending Corp. will post 1.5 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.6%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 210.53%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer set a $13.00 target price on shares of Oaktree Specialty Lending in a research note on Wednesday, May 6th. Weiss Ratings upgraded Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 15th. Zacks Research raised Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Sunday, June 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Oaktree Specialty Lending has a consensus rating of “Hold” and an average price target of $11.83.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.