BI Asset Management Fondsmaeglerselskab A S Increases Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

BI Asset Management Fondsmaeglerselskab A S increased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 2,098.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 192,624 shares of the credit services provider’s stock after acquiring an additional 183,862 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Oaktree Specialty Lending were worth $2,943,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Barclays PLC lifted its stake in Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock worth $1,725,000 after purchasing an additional 2,140 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Oaktree Specialty Lending by 21.2% in the 3rd quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock valued at $885,000 after purchasing an additional 9,495 shares in the last quarter. Rivernorth Capital Management LLC bought a new position in shares of Oaktree Specialty Lending during the 3rd quarter valued at $6,598,000. MML Investors Services LLC purchased a new position in Oaktree Specialty Lending in the 3rd quarter worth $175,000. Finally, Rezny Wealth Management Inc. lifted its stake in Oaktree Specialty Lending by 6.4% in the fourth quarter. Rezny Wealth Management Inc. now owns 274,035 shares of the credit services provider’s stock worth $4,187,000 after purchasing an additional 16,544 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.42.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock opened at $14.35 on Monday. The firm has a market cap of $1.18 billion, a PE ratio of 21.42 and a beta of 0.84. The company’s fifty day simple moving average is $15.24 and its two-hundred day simple moving average is $15.63. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a 12-month low of $12.50 and a 12-month high of $19.95.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The company had revenue of $86.65 million for the quarter, compared to the consensus estimate of $91.93 million. During the same quarter in the previous year, the business earned $0.57 EPS. Oaktree Specialty Lending’s revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.15%. The ex-dividend date was Monday, March 17th. Oaktree Specialty Lending’s payout ratio is currently 238.81%.

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.