Oaktree Specialty Lending Corp. $OCSL Stake Boosted by Melia Wealth LLC

Melia Wealth LLC grew its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 990,458 shares of the credit services provider’s stock after acquiring an additional 110,938 shares during the period. Oaktree Specialty Lending accounts for 6.5% of Melia Wealth LLC’s investment portfolio, making the stock its 9th biggest holding. Melia Wealth LLC owned 1.12% of Oaktree Specialty Lending worth $13,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Private Management Group Inc. grew its holdings in shares of Oaktree Specialty Lending by 2.6% during the 1st quarter. Private Management Group Inc. now owns 2,185,006 shares of the credit services provider’s stock valued at $33,562,000 after acquiring an additional 55,804 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Oaktree Specialty Lending by 34.3% in the 1st quarter. Royal Bank of Canada now owns 468,879 shares of the credit services provider’s stock valued at $7,201,000 after purchasing an additional 119,775 shares during the last quarter. Castlekeep Investment Advisors LLC lifted its stake in shares of Oaktree Specialty Lending by 651.4% in the 1st quarter. Castlekeep Investment Advisors LLC now owns 319,275 shares of the credit services provider’s stock valued at $4,904,000 after purchasing an additional 276,782 shares during the last quarter. Rezny Wealth Management Inc. lifted its stake in shares of Oaktree Specialty Lending by 3.4% in the 1st quarter. Rezny Wealth Management Inc. now owns 283,333 shares of the credit services provider’s stock valued at $4,352,000 after purchasing an additional 9,298 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of Oaktree Specialty Lending by 1,321.9% in the 1st quarter. Trexquant Investment LP now owns 275,060 shares of the credit services provider’s stock valued at $4,225,000 after purchasing an additional 255,716 shares during the last quarter. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Oaktree Specialty Lending in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

Oaktree Specialty Lending Stock Up 2.5%

Oaktree Specialty Lending stock opened at $12.92 on Tuesday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 23.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.21 and a quick ratio of 0.21. Oaktree Specialty Lending Corp. has a fifty-two week low of $12.44 and a fifty-two week high of $16.66. The firm has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $13.87.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The firm had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.During the same period in the prior year, the firm earned $0.55 EPS. As a group, analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 12.4%. Oaktree Specialty Lending’s payout ratio is currently 285.71%.

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.