Texas Capital Bank Wealth Management Services Inc Takes Position in Oaktree Specialty Lending Corp. $OCSL

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 40,835 shares of the credit services provider’s stock, valued at approximately $488,000.

A number of other institutional investors have also recently bought and sold shares of OCSL. Private Management Group Inc. increased its stake in Oaktree Specialty Lending by 8.1% in the 4th quarter. Private Management Group Inc. now owns 3,259,370 shares of the credit services provider’s stock valued at $41,524,000 after buying an additional 245,207 shares during the period. Bruni J V & Co. Co. boosted its stake in shares of Oaktree Specialty Lending by 0.3% during the 4th quarter. Bruni J V & Co. Co. now owns 2,495,710 shares of the credit services provider’s stock valued at $31,795,000 after buying an additional 8,691 shares during the period. UBS Group AG grew its holdings in shares of Oaktree Specialty Lending by 47.5% during the 4th quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock valued at $16,991,000 after acquiring an additional 429,303 shares in the last quarter. Rivernorth Capital Management LLC increased its stake in shares of Oaktree Specialty Lending by 1.0% in the first quarter. Rivernorth Capital Management LLC now owns 1,279,906 shares of the credit services provider’s stock worth $14,463,000 after acquiring an additional 12,208 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Oaktree Specialty Lending by 25.6% in the third quarter. Invesco Ltd. now owns 886,847 shares of the credit services provider’s stock worth $11,573,000 after acquiring an additional 181,023 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Down 1.0%

Shares of Oaktree Specialty Lending stock opened at $12.85 on Tuesday. Oaktree Specialty Lending Corp. has a 12-month low of $10.63 and a 12-month high of $14.31. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $12.05 and a two-hundred day moving average price of $11.95. The stock has a market capitalization of $1.13 billion, a P/E ratio of 26.77 and a beta of 0.49.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Wednesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. The business had revenue of $69.15 million during the quarter, compared to analysts’ expectations of $69.40 million. Equities analysts expect that Oaktree Specialty Lending Corp. will post 1.51 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Oaktree Specialty Lending’s payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OCSL shares. Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. B. Riley Financial reaffirmed a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Oppenheimer set a $13.00 price target on Oaktree Specialty Lending in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Monday. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Oaktree Specialty Lending currently has an average rating of “Hold” and an average target price of $11.83.

Oaktree Specialty Lending Company 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.