EMC Capital Management Grows Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

EMC Capital Management grew its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 53.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,714 shares of the credit services provider’s stock after purchasing an additional 3,026 shares during the quarter. EMC Capital Management’s holdings in Oaktree Specialty Lending were worth $133,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC increased its holdings in Oaktree Specialty Lending by 11.2% in the second quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock valued at $224,000 after buying an additional 1,194 shares in the last quarter. Creative Planning increased its stake in shares of Oaktree Specialty Lending by 11.1% in the 2nd quarter. Creative Planning now owns 45,376 shares of the credit services provider’s stock valued at $854,000 after purchasing an additional 4,544 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after purchasing an additional 1,820 shares during the period. Truist Financial Corp boosted its position in Oaktree Specialty Lending by 6.2% during the second quarter. Truist Financial Corp now owns 22,357 shares of the credit services provider’s stock worth $421,000 after purchasing an additional 1,303 shares in the last quarter. Finally, Centaurus Financial Inc. grew its holdings in Oaktree Specialty Lending by 166.0% in the second quarter. Centaurus Financial Inc. now owns 31,515 shares of the credit services provider’s stock valued at $593,000 after purchasing an additional 19,667 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective on the stock. in a report on Wednesday, December 11th. Finally, JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, Oaktree Specialty Lending has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Up 1.1 %

OCSL stock opened at $15.84 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $15.64 and a two-hundred day moving average of $16.26. Oaktree Specialty Lending Co. has a 12 month low of $14.89 and a 12 month high of $21.49. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 22.00 and a beta of 1.07.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.89%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 305.56%.

Oaktree Specialty Lending Company 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.