Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,256 shares of the credit services provider’s stock after selling 14,918 shares during the period. Denali Advisors LLC owned approximately 0.17% of Oaktree Specialty Lending worth $2,189,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OCSL. Confluence Investment Management LLC boosted its holdings in Oaktree Specialty Lending by 0.5% in the fourth quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock valued at $1,993,000 after purchasing an additional 689 shares during the last quarter. Integrated Advisors Network LLC raised its position in shares of Oaktree Specialty Lending by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock valued at $372,000 after purchasing an additional 826 shares in the last quarter. Mandatum Life Insurance Co Ltd boosted its stake in shares of Oaktree Specialty Lending by 2.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock valued at $564,000 after buying an additional 830 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Oaktree Specialty Lending by 5.6% during the third quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock worth $309,000 after buying an additional 998 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Oaktree Specialty Lending by 3.7% in the third quarter. Chicago Partners Investment Group LLC now owns 28,838 shares of the credit services provider’s stock worth $464,000 after buying an additional 1,030 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

OCSL 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. The company’s 50-day moving average price is $15.54 and its 200 day moving average price is $16.03. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $20.08. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 23.76 and a beta of 1.08.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $86.65 million for 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 business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. As a group, sell-side analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OCSL shares. B. Riley downgraded shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective on the stock. in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods cut their target price on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 20th. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Finally, Oppenheimer reiterated a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and an average 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.