Fox Run Management L.L.C. Has $237,000 Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Fox Run Management L.L.C. boosted its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 54.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,525 shares of the credit services provider’s stock after acquiring an additional 5,471 shares during the quarter. Fox Run Management L.L.C.’s holdings in Oaktree Specialty Lending were worth $237,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Canton Hathaway LLC acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at about $44,000. Spire Wealth Management acquired a new stake in Oaktree Specialty Lending in the 4th quarter valued at approximately $68,000. Geneos Wealth Management Inc. acquired a new stake in Oaktree Specialty Lending in the 4th quarter valued at approximately $93,000. SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending during the 4th quarter worth approximately $106,000. Finally, EMC Capital Management boosted its position in Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock worth $133,000 after acquiring an additional 3,026 shares during the last quarter. 36.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. B. Riley downgraded shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective on the stock. in a report on Wednesday, December 11th. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Oaktree Specialty Lending has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $15.61 on Friday. The stock has a market cap of $1.28 billion, a P/E ratio of 23.30 and a beta of 1.05. The company has a fifty day moving average price of $15.79 and a two-hundred day moving average price of $15.89. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $19.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $86.65 million during the quarter, compared to the consensus estimate of $91.93 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. Oaktree Specialty Lending’s revenue was down 11.6% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. As a group, equities analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 10.25%. Oaktree Specialty Lending’s dividend payout ratio is currently 238.81%.

About Oaktree Specialty Lending

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.