Oaktree Specialty Lending Corp. $OCSL Shares Bought by Wills Financial Group LLC

Wills Financial Group LLC raised its position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,317 shares of the credit services provider’s stock after acquiring an additional 62,588 shares during the quarter. Oaktree Specialty Lending makes up approximately 1.4% of Wills Financial Group LLC’s portfolio, making the stock its 25th biggest position. Wills Financial Group LLC owned 0.34% of Oaktree Specialty Lending worth $3,762,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bruni J V & Co. Co. grew its position in Oaktree Specialty Lending by 12.4% in the 3rd quarter. Bruni J V & Co. Co. now owns 2,487,019 shares of the credit services provider’s stock valued at $32,456,000 after acquiring an additional 274,667 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of Oaktree Specialty Lending by 25.2% in the 3rd quarter. Private Management Group Inc. now owns 3,014,163 shares of the credit services provider’s stock valued at $39,335,000 after buying an additional 607,493 shares during the period. Van ECK Associates Corp increased its position in Oaktree Specialty Lending by 6.6% during the third quarter. Van ECK Associates Corp now owns 2,173,257 shares of the credit services provider’s stock worth $28,361,000 after buying an additional 134,557 shares during the period. Melia Wealth LLC increased its position in Oaktree Specialty Lending by 22.8% during the third quarter. Melia Wealth LLC now owns 1,215,842 shares of the credit services provider’s stock worth $15,867,000 after buying an additional 225,384 shares during the period. Finally, HighTower Advisors LLC increased its position in Oaktree Specialty Lending by 102.6% during the third quarter. HighTower Advisors LLC now owns 267,909 shares of the credit services provider’s stock worth $3,496,000 after buying an additional 135,662 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Up 0.3%

Shares of OCSL stock opened at $11.91 on Wednesday. The business’s fifty day moving average price is $12.07 and its 200 day moving average price is $12.31. Oaktree Specialty Lending Corp. has a 1-year low of $10.63 and a 1-year high of $14.77. The firm has a market capitalization of $1.05 billion, a PE ratio of 20.90 and a beta of 0.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.17 and a quick ratio of 0.17.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $69.74 million for the quarter, compared to analyst estimates of $74.35 million. Oaktree Specialty Lending had a return on equity of 9.56% and a net margin of 16.66%.During the same quarter in the prior year, the company posted $0.45 earnings per share. As a group, sell-side analysts forecast that Oaktree Specialty Lending Corp. will post 1.5 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Monday, June 15th. Oaktree Specialty Lending’s payout ratio is presently 280.70%.

Wall Street Analysts Forecast Growth

Several research firms have commented on OCSL. Oppenheimer set a $13.00 price target on Oaktree Specialty Lending in a research report on Wednesday, May 6th. Wall Street Zen raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research raised Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. dropped their target price on Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating on the stock in a report on Friday, March 13th. Finally, Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.83.

Insider Buying and Selling

In other news, Director Phyllis R. Caldwell bought 2,500 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were bought at an average cost of $10.77 per share, for a total transaction of $26,925.00. Following the completion of the transaction, the director owned 23,500 shares in the company, valued at $253,095. This trade represents a 11.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

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.