Oaktree Specialty Lending Corp. $OCSL Shares Acquired by Melia Wealth LLC

Melia Wealth LLC increased its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 22.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,215,842 shares of the credit services provider’s stock after acquiring an additional 225,384 shares during the period. Oaktree Specialty Lending makes up approximately 6.9% of Melia Wealth LLC’s holdings, making the stock its 7th largest holding. Melia Wealth LLC’s holdings in Oaktree Specialty Lending were worth $15,867,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Generali Asset Management SPA SGR boosted its position in Oaktree Specialty Lending by 10.6% in the 3rd quarter. Generali Asset Management SPA SGR now owns 2,087,981 shares of the credit services provider’s stock valued at $27,248,000 after buying an additional 199,415 shares during the last quarter. Bruni J V & Co. Co. increased its holdings in Oaktree Specialty Lending by 12.4% during the 3rd quarter. Bruni J V & Co. Co. now owns 2,487,019 shares of the credit services provider’s stock worth $32,456,000 after purchasing an additional 274,667 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Oaktree Specialty Lending by 102.6% in the 3rd quarter. HighTower Advisors LLC now owns 267,909 shares of the credit services provider’s stock valued at $3,496,000 after purchasing an additional 135,662 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Oaktree Specialty Lending by 26.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 303,769 shares of the credit services provider’s stock worth $3,964,000 after buying an additional 63,000 shares in the last quarter. Finally, Claret Asset Management Corp increased its stake 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 last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings downgraded shares of Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Wall Street Zen raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Wells Fargo & Company lowered their price objective on Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Zacks Research cut Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Lucid Cap Mkts upgraded Oaktree Specialty Lending to a “hold” rating in a report on Monday, December 15th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oaktree Specialty Lending has a consensus rating of “Reduce” and a consensus target price of $13.75.

Oaktree Specialty Lending Price Performance

Shares of OCSL opened at $11.46 on Tuesday. Oaktree Specialty Lending Corp. has a 12 month low of $11.09 and a 12 month high of $16.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a fifty day moving average price of $12.42 and a 200 day moving average price of $13.11. The company has a market cap of $1.01 billion, a P/E ratio of 31.83 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Wednesday, February 4th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $74.48 million for the quarter, compared to analysts’ expectations of $75.72 million. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.During the same period last year, the business posted $0.54 earnings per share. On average, research analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 14.0%. The ex-dividend date of this dividend is Monday, March 16th. Oaktree Specialty Lending’s dividend payout ratio is 444.44%.

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.