37,789 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Acquired by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC bought a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,789 shares of the credit services provider’s stock, valued at approximately $577,000.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OCSL shares. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target for the company. in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ OCSL opened at $15.62 on Monday. The business has a fifty day simple moving average of $15.76 and a 200 day simple moving average of $15.91. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 23.31 and a beta of 1.05. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $19.95.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting 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 return on equity of 12.07% and a net margin of 14.75%. Oaktree Specialty Lending’s revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 10.24%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 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.