Oaktree Specialty Lending Co. (NASDAQ:OCSL) Stock Position Boosted by GraniteShares Advisors LLC

GraniteShares Advisors LLC boosted its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 44.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,818 shares of the credit services provider’s stock after buying an additional 49,631 shares during the period. Oaktree Specialty Lending accounts for 1.6% of GraniteShares Advisors LLC’s portfolio, making the stock its 20th biggest holding. GraniteShares Advisors LLC owned about 0.20% of Oaktree Specialty Lending worth $2,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canton Hathaway LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at about $44,000. Plan Group Financial LLC boosted its position in shares of Oaktree Specialty Lending by 12.9% during the 4th quarter. Plan Group Financial LLC now owns 43,594 shares of the credit services provider’s stock valued at $666,000 after purchasing an additional 4,976 shares in the last quarter. Bfsg LLC boosted its position in shares of Oaktree Specialty Lending by 52.1% during the 4th quarter. Bfsg LLC now owns 12,555 shares of the credit services provider’s stock valued at $192,000 after purchasing an additional 4,300 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at about $311,000. Finally, Blue Trust Inc. boosted its position in shares of Oaktree Specialty Lending by 84.1% during the 4th quarter. Blue Trust Inc. now owns 47,854 shares of the credit services provider’s stock valued at $731,000 after purchasing an additional 21,854 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $15.92 on Wednesday. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $20.13. The company has a 50-day moving average of $15.52 and a two-hundred day moving average of $16.04. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 23.76 and a beta of 1.08. 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 posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The firm’s revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. On average, equities research analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 238.81%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OCSL. Wells Fargo & Company reduced their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Citizens Jmp lowered shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Oppenheimer restated a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Finally, JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.75.

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.