United Advisor Group LLC Buys 15,797 Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

United Advisor Group LLC grew its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 7.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 222,156 shares of the credit services provider’s stock after acquiring an additional 15,797 shares during the period. United Advisor Group LLC’s holdings in Oaktree Specialty Lending were worth $3,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canton Hathaway LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $44,000. Oxford Asset Management LLP bought a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $178,000. Bfsg LLC boosted its holdings in Oaktree Specialty Lending by 52.1% in the 4th quarter. Bfsg LLC now owns 12,555 shares of the credit services provider’s stock worth $192,000 after buying an additional 4,300 shares during the period. ProShare Advisors LLC boosted its holdings in Oaktree Specialty Lending by 16.6% in the 4th quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider’s stock worth $228,000 after buying an additional 2,124 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $232,000. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $13.79 on Thursday. Oaktree Specialty Lending Corp. has a 1 year low of $12.50 and a 1 year high of $19.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $1.21 billion, a PE ratio of 106.08 and a beta of 0.70. The company’s 50 day simple moving average is $14.15 and its two-hundred day simple moving average is $15.05.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a return on equity of 11.77% and a net margin of 2.55%. The firm had revenue of $70.52 million during the quarter, compared to analysts’ expectations of $84.67 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. Analysts predict that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.60%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 1,230.77%.

Analysts Set New Price Targets

Several research analysts recently commented on OCSL shares. Keefe, Bruyette & Woods cut their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Wells Fargo & Company cut their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. B. Riley started coverage on shares of Oaktree Specialty Lending in a report on Tuesday, May 13th. They issued a “neutral” rating and a $14.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and a consensus target price of $15.83.

Insider Activity

In related news, Director Craig A. Jacobson acquired 14,910 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the transaction, the director now owns 71,667 shares in the company, valued at $961,054.47. This represents a 26.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Armen Panossian acquired 8,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were bought at an average price of $14.13 per share, for a total transaction of $113,040.00. Following the transaction, the insider now owns 20,789 shares in the company, valued at approximately $293,748.57. This represents a 62.55% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company’s stock.

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.