Lido Advisors LLC boosted its holdings in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 26.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,506 shares of the credit services provider’s stock after acquiring an additional 24,777 shares during the quarter. Lido Advisors LLC owned 0.08% of Oaktree Specialty Lending worth $582,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Laurel Grove Capital LLC lifted its position in Oaktree Specialty Lending by 3.1% in the 3rd quarter. Laurel Grove Capital LLC now owns 371,001 shares of the credit services provider’s stock valued at $1,840,000 after acquiring an additional 11,151 shares in the last quarter. Ramsey Quantitative Systems lifted its position in Oaktree Specialty Lending by 54.0% in the 3rd quarter. Ramsey Quantitative Systems now owns 32,066 shares of the credit services provider’s stock valued at $159,000 after acquiring an additional 11,250 shares in the last quarter. Gabelli Funds LLC lifted its position in Oaktree Specialty Lending by 4.0% in the 3rd quarter. Gabelli Funds LLC now owns 350,341 shares of the credit services provider’s stock valued at $1,738,000 after acquiring an additional 13,332 shares in the last quarter. Monarch Partners Asset Management LLC lifted its position in Oaktree Specialty Lending by 13.3% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 123,740 shares of the credit services provider’s stock valued at $591,000 after acquiring an additional 14,520 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Oaktree Specialty Lending by 16.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 115,567 shares of the credit services provider’s stock valued at $573,000 after acquiring an additional 16,280 shares in the last quarter. 43.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of OCSL opened at $4.55 on Friday. The firm has a market cap of $655.47 million, a price-to-earnings ratio of 11.07, a P/E/G ratio of 5.13 and a beta of 0.29. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.46. Oaktree Specialty Lending Corp has a 1-year low of $4.17 and a 1-year high of $5.16.
Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Thursday, November 29th. The credit services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $38.22 million during the quarter, compared to analyst estimates of $34.14 million. Oaktree Specialty Lending had a net margin of 33.71% and a return on equity of 7.18%. Sell-side analysts expect that Oaktree Specialty Lending Corp will post 0.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, December 14th. This represents a $0.38 dividend on an annualized basis and a yield of 8.35%. Oaktree Specialty Lending’s dividend payout ratio is presently 88.37%.
A number of equities research analysts have weighed in on OCSL shares. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research note on Saturday, August 11th. BMO Capital Markets boosted their target price on shares of Oaktree Specialty Lending from $4.00 to $5.00 and gave the company a “market perform” rating in a research note on Friday, August 10th. National Securities reiterated a “neutral” rating and set a $5.00 target price on shares of Oaktree Specialty Lending in a research note on Monday, December 3rd. Keefe, Bruyette & Woods upgraded shares of Oaktree Specialty Lending from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Oaktree Specialty Lending from $5.00 to $5.50 and gave the company an “overweight” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.42.
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Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.
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