Capital Asset Advisory Services LLC purchased a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,734 shares of the credit services provider’s stock, valued at approximately $155,000.
A number of other hedge funds have also bought and sold shares of OCSL. Ares Management LLC boosted its position in Oaktree Specialty Lending by 12.1% during the 3rd quarter. Ares Management LLC now owns 5,096,419 shares of the credit services provider’s stock valued at $35,981,000 after buying an additional 549,497 shares during the period. Oaktree Capital Management LP boosted its stake in shares of Oaktree Specialty Lending by 1,526.9% in the 3rd quarter. Oaktree Capital Management LP now owns 4,490,368 shares of the credit services provider’s stock worth $31,701,000 after buying an additional 4,214,368 shares during the last quarter. CLARET ASSET MANAGEMENT Corp increased its stake in shares of Oaktree Specialty Lending by 16.1% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 2,845,675 shares of the credit services provider’s stock worth $20,090,000 after purchasing an additional 393,827 shares in the last quarter. Van ECK Associates Corp raised its stake in Oaktree Specialty Lending by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 2,607,628 shares of the credit services provider’s stock worth $19,453,000 after acquiring an additional 242,381 shares during the period. Finally, Millennium Management LLC increased its stake in Oaktree Specialty Lending by 149.5% in the 3rd quarter. Millennium Management LLC now owns 2,260,466 shares of the credit services provider’s stock worth $15,959,000 after buying an additional 1,354,562 shares in the last quarter. 63.27% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ OCSL traded up $0.06 during trading hours on Monday, hitting $7.52. 22,668 shares of the company’s stock traded hands, compared to its average volume of 1,105,024. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.13 and a quick ratio of 0.13. Oaktree Specialty Lending Co. has a 52-week low of $6.37 and a 52-week high of $7.81. The firm’s 50-day moving average is $7.40 and its 200-day moving average is $7.42. The company has a market capitalization of $1.36 billion, a PE ratio of 5.80, a PEG ratio of 0.91 and a beta of 1.38.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.51%. This is a positive change from Oaktree Specialty Lending’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, March 14th. Oaktree Specialty Lending’s payout ratio is 50.00%.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. StockNews.com began coverage on shares of Oaktree Specialty Lending in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $8.17.
About Oaktree Specialty Lending (Get Rating)
Oaktree Specialty Lending Corporation is a business development company 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.
- Get a free copy of the StockNews.com research report on Oaktree Specialty Lending (OCSL)
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