Generali Investments CEE investicni spolecnost a.s. Buys 2,106 Shares of Oaktree Specialty Lending Corp. $OCSL

Generali Investments CEE investicni spolecnost a.s. boosted its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 10.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,020 shares of the credit services provider’s stock after acquiring an additional 2,106 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Oaktree Specialty Lending were worth $314,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OCSL. Oppenheimer & Co. Inc. purchased a new stake in shares of Oaktree Specialty Lending in the first quarter worth approximately $381,000. LPL Financial LLC lifted its stake in shares of Oaktree Specialty Lending by 49.4% during the 1st quarter. LPL Financial LLC now owns 159,341 shares of the credit services provider’s stock worth $2,447,000 after acquiring an additional 52,681 shares during the last quarter. Old Port Advisors bought a new stake in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $915,000. Cetera Investment Advisers lifted its stake in shares of Oaktree Specialty Lending by 20.3% during the 1st quarter. Cetera Investment Advisers now owns 27,176 shares of the credit services provider’s stock worth $417,000 after acquiring an additional 4,589 shares during the last quarter. Finally, Arlington Capital Management Inc. bought a new stake in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $941,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Down 0.1%

Shares of NASDAQ OCSL opened at $13.05 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 23.30 and a beta of 0.67. The stock has a 50 day moving average price of $13.64 and a 200 day moving average price of $14.06. Oaktree Specialty Lending Corp. has a 52-week low of $12.50 and a 52-week high of $16.66.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The firm had revenue of $75.27 million during the quarter, compared to analysts’ expectations of $79.14 million. Oaktree Specialty Lending had a net margin of 13.84% and a return on equity of 10.94%. During the same quarter in the previous year, the firm posted $0.55 EPS. Sell-side analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 12.3%. Oaktree Specialty Lending’s dividend payout ratio is currently 285.71%.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 25th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $15.00.

Oaktree Specialty Lending Company 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.