Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Purchased by Accel Wealth Management

Accel Wealth Management increased its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 21.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 14,554 shares of the credit services provider’s stock after acquiring an additional 2,602 shares during the period. Accel Wealth Management’s holdings in Oaktree Specialty Lending were worth $286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in Oaktree Specialty Lending by 10.8% during the 4th quarter. Van ECK Associates Corp now owns 1,415,358 shares of the credit services provider’s stock worth $28,902,000 after acquiring an additional 137,929 shares in the last quarter. Claret Asset Management Corp increased its holdings in Oaktree Specialty Lending by 2.3% during the 4th quarter. Claret Asset Management Corp now owns 1,158,902 shares of the credit services provider’s stock worth $23,665,000 after purchasing an additional 26,115 shares during the last quarter. Melia Wealth LLC purchased a new stake in Oaktree Specialty Lending during the 1st quarter worth approximately $13,168,000. Pinnacle Associates Ltd. increased its holdings in Oaktree Specialty Lending by 0.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock worth $11,913,000 after purchasing an additional 3,897 shares during the last quarter. Finally, Trinity Financial Advisors LLC increased its holdings in Oaktree Specialty Lending by 106.2% during the 4th quarter. Trinity Financial Advisors LLC now owns 484,890 shares of the credit services provider’s stock worth $9,901,000 after purchasing an additional 249,714 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. JMP Securities restated a “market outperform” rating and set a $21.00 price objective on shares of Oaktree Specialty Lending in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.67.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $18.79 on Friday. Oaktree Specialty Lending Co. has a twelve month low of $18.41 and a twelve month high of $21.64. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.02 and a beta of 1.09. The business has a 50 day simple moving average of $19.23 and a 200-day simple moving average of $19.79.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. The firm had revenue of $94.03 million during the quarter, compared to the consensus estimate of $99.66 million. During the same quarter last year, the firm posted $0.62 earnings per share. As a group, equities research analysts expect that Oaktree Specialty Lending Co. will post 2.28 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, June 14th. This represents a $2.20 dividend on an annualized basis and a yield of 11.71%. Oaktree Specialty Lending’s payout ratio is currently 164.18%.

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.