Arnhold LLC Has $682,000 Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Arnhold LLC raised its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,406 shares of the credit services provider’s stock after acquiring an additional 3,000 shares during the period. Arnhold LLC’s holdings in Oaktree Specialty Lending were worth $682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OCSL. Massmutual Trust Co. FSB ADV bought a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at $41,000. Bfsg LLC bought a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at $71,000. AdvisorNet Financial Inc increased its stake in shares of Oaktree Specialty Lending by 21.4% in the 4th quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 900 shares during the last quarter. Adalta Capital Management LLC increased its stake in shares of Oaktree Specialty Lending by 28.8% in the 3rd quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock valued at $137,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in Oaktree Specialty Lending during the 3rd quarter worth $213,000. 36.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell acquired 2,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $20.07 per share, with a total value of $40,140.00. Following the purchase, the director now directly owns 11,166 shares of the company’s stock, valued at $224,101.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.

Oaktree Specialty Lending Trading Down 3.6 %

OCSL traded down $0.71 during midday trading on Tuesday, hitting $19.16. 987,113 shares of the company were exchanged, compared to its average volume of 652,999. The firm has a market capitalization of $1.51 billion, a P/E ratio of 12.69 and a beta of 1.06. Oaktree Specialty Lending Co. has a 1-year low of $17.99 and a 1-year high of $21.64. The firm’s 50 day moving average price is $19.58 and its 200-day moving average price is $19.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.60.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Thursday, February 1st. The credit services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). The company had revenue of $97.99 million for the quarter, compared to analyst estimates of $99.48 million. Oaktree Specialty Lending had a return on equity of 12.22% and a net margin of 28.81%. During the same period in the previous year, the firm posted $0.61 earnings per share. As a group, equities analysts forecast that Oaktree Specialty Lending Co. will post 2.31 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date of this dividend was Thursday, March 14th. Oaktree Specialty Lending’s dividend payout ratio is 145.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. B. Riley lowered Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Monday, January 8th. JMP Securities restated a “market outperform” rating and set a $21.00 price objective on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. JPMorgan Chase & Co. reduced their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Wells Fargo & Company boosted their price objective on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, Keefe, Bruyette & Woods lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $22.00 to $19.00 in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and a consensus target price of $20.67.

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.