Oaktree Specialty Lending Co. (NASDAQ:OCSL) Stock Holdings Increased by GraniteShares Advisors LLC

GraniteShares Advisors LLC boosted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 44.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 161,818 shares of the credit services provider’s stock after purchasing an additional 49,631 shares during the period. Oaktree Specialty Lending comprises approximately 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 20th biggest position. GraniteShares Advisors LLC’s holdings in Oaktree Specialty Lending were worth $2,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFS Partners LLC raised its position in Oaktree Specialty Lending by 601.4% during the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 1,660 shares in the last quarter. Canton Hathaway LLC bought a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $44,000. Spire Wealth Management bought a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $68,000. Geneos Wealth Management Inc. acquired a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $93,000. Finally, SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $106,000. Institutional investors own 36.79% of the company’s stock.

Analyst Upgrades and Downgrades

OCSL has been the topic of several analyst reports. B. Riley downgraded Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lowered their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 20th. Citizens Jmp downgraded Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Trading Up 0.1 %

Shares of Oaktree Specialty Lending stock opened at $15.92 on Wednesday. The company’s fifty day simple moving average is $15.52 and its 200-day simple moving average is $16.04. The company 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 current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a 1 year low of $14.89 and a 1 year high of $20.13.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $86.65 million for 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 quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. As a group, sell-side analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.05%. Oaktree Specialty Lending’s payout ratio is presently 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.