Oaktree Specialty Lending Co. (NASDAQ:OCSL) Stake Boosted by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC increased its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,651 shares of the credit services provider’s stock after purchasing an additional 1,830 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Oaktree Specialty Lending were worth $285,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Naviter Wealth LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth $2,349,000. Raymond James Financial Inc. acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth $701,000. Bruni J V & Co. Co. increased its position in Oaktree Specialty Lending by 26.0% in the fourth quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider’s stock worth $29,483,000 after buying an additional 398,241 shares during the period. Muzinich & Co. Inc. increased its position in Oaktree Specialty Lending by 13.2% in the fourth quarter. Muzinich & Co. Inc. now owns 237,302 shares of the credit services provider’s stock worth $3,626,000 after buying an additional 27,624 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth $465,000. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Trading Up 0.8 %

Shares of OCSL stock opened at $16.11 on Friday. The stock has a 50-day simple moving average of $15.66 and a 200 day simple moving average of $16.01. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $20.01. The stock has a market capitalization of $1.32 billion, a P/E ratio of 24.05 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 (NASDAQ:OCSL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business had revenue of $86.65 million during the quarter, compared to analysts’ expectations of $91.93 million. During the same quarter last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.93%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 238.81%.

Analyst Ratings Changes

Several brokerages have weighed in on OCSL. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. 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. B. Riley lowered 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. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.