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

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

Other 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 fourth quarter worth approximately $44,000. Spire Wealth Management bought a new stake in Oaktree Specialty Lending in the 4th quarter valued at $68,000. Geneos Wealth Management Inc. acquired a new position in Oaktree Specialty Lending in the 4th quarter valued at $93,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending during the 4th quarter worth $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 in the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Down 1.1 %

OCSL opened at $15.61 on Friday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 23.30 and a beta of 1.05. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $19.95. The company has a 50-day simple moving average of $15.79 and a 200 day simple moving average of $15.89.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company 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%. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

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

Analysts Set New Price Targets

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