Oaktree Specialty Lending Corp. $OCSL Holdings Raised by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 10.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 368,923 shares of the credit services provider’s stock after buying an additional 34,476 shares during the period. Rockefeller Capital Management L.P. owned 0.42% of Oaktree Specialty Lending worth $5,039,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OCSL. Cetera Investment Advisers boosted its holdings in shares of Oaktree Specialty Lending by 20.3% in the first quarter. Cetera Investment Advisers now owns 27,176 shares of the credit services provider’s stock valued at $417,000 after acquiring an additional 4,589 shares in the last quarter. Private Management Group Inc. increased its position in shares of Oaktree Specialty Lending by 2.6% during the 1st quarter. Private Management Group Inc. now owns 2,185,006 shares of the credit services provider’s stock valued at $33,562,000 after purchasing an additional 55,804 shares during the period. LPL Financial LLC raised its stake in shares of Oaktree Specialty Lending by 49.4% in the 1st quarter. LPL Financial LLC now owns 159,341 shares of the credit services provider’s stock worth $2,447,000 after buying an additional 52,681 shares in the last quarter. Melia Wealth LLC raised its stake in shares of Oaktree Specialty Lending by 9.8% in the 1st quarter. Melia Wealth LLC now owns 879,520 shares of the credit services provider’s stock worth $13,509,000 after buying an additional 78,304 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Oaktree Specialty Lending by 388.9% in the first quarter. US Bancorp DE now owns 3,256 shares of the credit services provider’s stock valued at $50,000 after buying an additional 2,590 shares during the period. Institutional investors and hedge funds own 36.79% of the company’s stock.

Analyst Upgrades and Downgrades

OCSL has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oaktree Specialty Lending in a report on Wednesday. Zacks Research upgraded shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 9th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of “Reduce” and an average price target of $14.25.

Oaktree Specialty Lending Trading Up 2.1%

Shares of OCSL opened at $13.47 on Friday. The business’s 50-day moving average price is $13.36 and its 200 day moving average price is $13.76. The stock has a market capitalization of $1.19 billion, a P/E ratio of 24.05 and a beta of 0.65. Oaktree Specialty Lending Corp. has a 1-year low of $12.44 and a 1-year high of $16.53. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Tuesday, November 18th. The credit services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $76.87 million during the quarter, compared to analyst estimates of $76.51 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 prior year, the firm earned $0.45 earnings per share. Analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.9%. The ex-dividend date is Monday, December 15th. Oaktree Specialty Lending’s payout ratio is presently 410.26%.

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.