Centaurus Financial Inc. Makes New Investment in Oaktree Specialty Lending Corp. $OCSL

Centaurus Financial Inc. bought a new stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 159,125 shares of the credit services provider’s stock, valued at approximately $1,900,000. Centaurus Financial Inc. owned approximately 0.18% of Oaktree Specialty Lending as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in OCSL. Cornerstone Advisory LLC raised its stake in Oaktree Specialty Lending by 2.0% during the first quarter. Cornerstone Advisory LLC now owns 43,702 shares of the credit services provider’s stock valued at $494,000 after buying an additional 844 shares during the last quarter. Running Point Capital Advisors LLC grew its stake in shares of Oaktree Specialty Lending by 3.1% in the fourth quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider’s stock worth $367,000 after acquiring an additional 877 shares during the last quarter. Security National Bank increased its holdings in shares of Oaktree Specialty Lending by 40.6% during the fourth quarter. Security National Bank now owns 4,607 shares of the credit services provider’s stock valued at $59,000 after acquiring an additional 1,330 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Oaktree Specialty Lending by 118.3% during the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 1,707 shares in the last quarter. Finally, Lido Advisors LLC raised its position in shares of Oaktree Specialty Lending by 1.5% in the 4th quarter. Lido Advisors LLC now owns 117,232 shares of the credit services provider’s stock worth $1,529,000 after purchasing an additional 1,720 shares during the last quarter. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Trading Down 0.7%

Oaktree Specialty Lending stock opened at $12.97 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.19 and a quick ratio of 0.19. Oaktree Specialty Lending Corp. has a one year low of $10.63 and a one year high of $14.31. The stock has a market capitalization of $1.14 billion, a PE ratio of 27.02 and a beta of 0.49. The business’s fifty day moving average is $12.24 and its 200 day moving average is $11.99.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $69.15 million during the quarter, compared to the consensus estimate of $69.40 million. Oaktree Specialty Lending had a return on equity of 9.70% and a net margin of 14.45%. On average, sell-side analysts predict that Oaktree Specialty Lending Corp. will post 1.51 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Oaktree Specialty Lending’s payout ratio is presently 250.00%.

Analyst Upgrades and Downgrades

OCSL has been the topic of a number of analyst reports. Wall Street Zen cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley Financial restated a “neutral” rating on shares of Oaktree Specialty Lending in a research note on Friday, August 7th. Oppenheimer set a $13.00 target price on shares of Oaktree Specialty Lending in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.83.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.