Osaic Holdings Inc. Cuts Position in Oaktree Specialty Lending Corp. $OCSL

Osaic Holdings Inc. trimmed its holdings in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 58.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 232,525 shares of the credit services provider’s stock after selling 333,282 shares during the quarter. Osaic Holdings Inc.’s holdings in Oaktree Specialty Lending were worth $3,177,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Generali Asset Management SPA SGR lifted its holdings in shares of Oaktree Specialty Lending by 74.2% during the 2nd quarter. Generali Asset Management SPA SGR now owns 1,888,566 shares of the credit services provider’s stock valued at $25,798,000 after acquiring an additional 804,422 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Oaktree Specialty Lending by 298.9% in the second quarter. Balyasny Asset Management L.P. now owns 626,324 shares of the credit services provider’s stock valued at $8,556,000 after purchasing an additional 469,328 shares during the period. Trexquant Investment LP lifted its stake in shares of Oaktree Specialty Lending by 1,321.9% during the first quarter. Trexquant Investment LP now owns 275,060 shares of the credit services provider’s stock worth $4,225,000 after purchasing an additional 255,716 shares in the last quarter. Private Management Group Inc. lifted its stake in shares of Oaktree Specialty Lending by 10.1% during the second quarter. Private Management Group Inc. now owns 2,406,670 shares of the credit services provider’s stock worth $32,875,000 after purchasing an additional 221,664 shares in the last quarter. Finally, Claret Asset Management Corp boosted its position in shares of Oaktree Specialty Lending by 11.8% in the second quarter. Claret Asset Management Corp now owns 1,700,738 shares of the credit services provider’s stock worth $23,232,000 after buying an additional 179,563 shares during the period. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OCSL. Weiss Ratings downgraded Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Lucid Cap Mkts raised shares of Oaktree Specialty Lending to a “hold” rating in a research report on Monday, December 15th. Finally, Zacks Research upgraded shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $14.25.

Oaktree Specialty Lending Trading Up 0.7%

NASDAQ:OCSL opened at $12.73 on Friday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 32.64 and a beta of 0.52. Oaktree Specialty Lending Corp. has a one year low of $12.44 and a one year high of $16.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.20 and a current ratio of 0.20. The business’s 50-day simple moving average is $13.52 and its 200 day simple moving average is $13.63.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Tuesday, November 18th. The credit services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $76.87 million for the quarter, compared to the consensus estimate of $76.51 million. Oaktree Specialty Lending had a return on equity of 10.31% and a net margin of 10.71%.During the same period in the previous year, the business earned $0.45 EPS. As a group, sell-side analysts predict that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.60 annualized dividend and a yield of 12.6%. Oaktree Specialty Lending’s dividend payout ratio is currently 410.26%.

About Oaktree Specialty Lending

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.