Jackson Thornton Wealth Management LLC Decreases Position in Oaktree Specialty Lending Corp. $OCSL

Jackson Thornton Wealth Management LLC decreased its holdings in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 35,601 shares of the credit services provider’s stock after selling 818 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Oaktree Specialty Lending were worth $502,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its stake in Oaktree Specialty Lending by 259.0% during the first quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 1,220 shares during the last quarter. SVB Wealth LLC purchased a new stake in Oaktree Specialty Lending during the first quarter worth approximately $26,000. Abound Wealth Management purchased a new stake in Oaktree Specialty Lending during the second quarter worth approximately $35,000. PNC Financial Services Group Inc. purchased a new stake in Oaktree Specialty Lending during the first quarter worth approximately $47,000. Finally, Anchor Investment Management LLC purchased a new stake in Oaktree Specialty Lending during the first quarter worth approximately $49,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OCSL shares. Zacks Research upgraded Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Oaktree Specialty Lending in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Hold rating, According to MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus price target of $15.00.

Oaktree Specialty Lending Trading Up 1.5%

NASDAQ:OCSL opened at $13.24 on Tuesday. The firm has a market cap of $1.17 billion, a P/E ratio of 23.64 and a beta of 0.66. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $13.39 and its 200-day simple moving average is $13.80. Oaktree Specialty Lending Corp. has a 12-month low of $12.44 and a 12-month high of $16.66.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its 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 company had revenue of $75.27 million during the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $0.55 EPS. Equities analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.1%. Oaktree Specialty Lending’s payout ratio is presently 285.71%.

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.