Round Rock Advisors LLC Invests $362,000 in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Round Rock Advisors LLC acquired a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,676 shares of the credit services provider’s stock, valued at approximately $362,000.

Several other large investors have also recently added to or reduced their stakes in the business. Confluence Investment Management LLC boosted its position in Oaktree Specialty Lending by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock valued at $1,993,000 after buying an additional 689 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Oaktree Specialty Lending by 4.8% in the third quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 730 shares during the period. Integrated Advisors Network LLC grew its stake in Oaktree Specialty Lending by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock worth $372,000 after purchasing an additional 826 shares in the last quarter. Mandatum Life Insurance Co Ltd increased its holdings in Oaktree Specialty Lending by 2.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock worth $564,000 after purchasing an additional 830 shares during the period. Finally, Apollon Wealth Management LLC raised its position in Oaktree Specialty Lending by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock valued at $309,000 after purchasing an additional 998 shares in the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $16.00 on Friday. The company has a fifty day moving average of $15.64 and a two-hundred day moving average of $16.23. The company has a market capitalization of $1.32 billion, a PE ratio of 22.22 and a beta of 1.07. Oaktree Specialty Lending Co. has a 1 year low of $14.89 and a 1 year high of $21.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.55 per share. The ex-dividend date was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.75%. Oaktree Specialty Lending’s dividend payout ratio is presently 305.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OCSL shares. Citizens Jmp downgraded 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 report on Wednesday, December 18th. Oppenheimer restated a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods decreased their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.