Allspring Global Investments Holdings LLC Buys 2,525 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Allspring Global Investments Holdings LLC grew its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 298,996 shares of the credit services provider’s stock after purchasing an additional 2,525 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.38% of Oaktree Specialty Lending worth $6,105,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OCSL. Millennium Management LLC lifted its stake in shares of Oaktree Specialty Lending by 237.3% in the 4th quarter. Millennium Management LLC now owns 2,374,777 shares of the credit services provider’s stock valued at $16,315,000 after purchasing an additional 1,670,805 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Oaktree Specialty Lending by 847.7% in the first quarter. Royal Bank of Canada now owns 691,652 shares of the credit services provider’s stock worth $5,097,000 after buying an additional 618,670 shares during the period. First Republic Investment Management Inc. raised its holdings in shares of Oaktree Specialty Lending by 196.7% in the first quarter. First Republic Investment Management Inc. now owns 624,649 shares of the credit services provider’s stock worth $4,604,000 after buying an additional 414,097 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of Oaktree Specialty Lending by 126.2% in the first quarter. 1832 Asset Management L.P. now owns 600,329 shares of the credit services provider’s stock worth $11,268,000 after buying an additional 334,963 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Oaktree Specialty Lending by 25.7% in the third quarter. Morgan Stanley now owns 1,486,654 shares of the credit services provider’s stock worth $29,911,000 after buying an additional 303,600 shares during the period. 36.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Oaktree Specialty Lending

In related news, Director Phyllis R. Caldwell bought 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $20.07 per share, with a total value of $40,140.00. Following the transaction, the director now owns 11,166 shares of the company’s stock, valued at $224,101.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

Oaktree Specialty Lending Stock Up 0.3 %

Shares of NASDAQ OCSL opened at $19.48 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.54 billion, a PE ratio of 12.90 and a beta of 1.06. The stock’s fifty day simple moving average is $19.62 and its two-hundred day simple moving average is $19.93. Oaktree Specialty Lending Co. has a 12-month low of $17.99 and a 12-month high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Thursday, February 1st. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). The company had revenue of $97.99 million for the quarter, compared to the consensus estimate of $99.48 million. Oaktree Specialty Lending had a net margin of 28.81% and a return on equity of 12.22%. During the same period last year, the business posted $0.61 EPS. As a group, analysts expect that Oaktree Specialty Lending Co. will post 2.31 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.20 annualized dividend and a yield of 11.29%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 145.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Keefe, Bruyette & Woods downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $22.00 to $19.00 in a report on Friday, February 2nd. Wells Fargo & Company increased their price target on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. B. Riley downgraded Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Monday, January 8th. Finally, JMP Securities restated a “market outperform” rating and set a $21.00 price objective on shares of Oaktree Specialty Lending in a report on Tuesday, March 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and a consensus price target of $20.67.

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.