Oaktree Specialty Lending Corp. $OCSL Shares Purchased by Muzinich & Co. Inc.

Muzinich & Co. Inc. increased its holdings in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 13.3% in the second quarter, Holdings Channel reports. The firm owned 260,854 shares of the credit services provider’s stock after acquiring an additional 30,703 shares during the period. Oaktree Specialty Lending accounts for 1.5% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 18th biggest position. Muzinich & Co. Inc.’s holdings in Oaktree Specialty Lending were worth $3,563,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. acquired a new stake in Oaktree Specialty Lending in the first quarter valued at approximately $381,000. Old Port Advisors acquired a new stake in Oaktree Specialty Lending in the second quarter valued at approximately $915,000. LPL Financial LLC grew its position in Oaktree Specialty Lending by 49.4% in the first quarter. LPL Financial LLC now owns 159,341 shares of the credit services provider’s stock valued at $2,447,000 after acquiring an additional 52,681 shares in the last quarter. Arlington Capital Management Inc. acquired a new stake in Oaktree Specialty Lending in the second quarter valued at approximately $941,000. Finally, Cetera Investment Advisers grew its position in 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. Institutional investors and hedge funds own 36.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on OCSL. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Oaktree Specialty Lending in a research report on Wednesday, October 8th. Zacks Research raised shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 9th. Nine research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

Oaktree Specialty Lending Stock Down 1.2%

OCSL stock opened at $14.02 on Thursday. Oaktree Specialty Lending Corp. has a twelve month low of $12.44 and a twelve month 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. The company has a market capitalization of $1.24 billion, a P/E ratio of 25.04 and a beta of 0.66. The firm has a 50 day simple moving average of $13.44 and a 200-day simple moving average of $13.83.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.The company had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. During the same period in the previous year, the business posted $0.55 EPS. On average, equities research analysts predict that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 11.4%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 285.71%.

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.