Commonwealth Equity Services LLC Purchases 2,094 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Commonwealth Equity Services LLC increased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,569 shares of the credit services provider’s stock after purchasing an additional 2,094 shares during the period. Commonwealth Equity Services LLC owned approximately 0.14% of Oaktree Specialty Lending worth $2,136,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at about $39,000. Security National Bank purchased a new position in Oaktree Specialty Lending during the 2nd quarter valued at about $42,000. Newbridge Financial Services Group Inc. bought a new position in Oaktree Specialty Lending during the 1st quarter valued at approximately $142,000. Financial Strategies Group Inc. bought a new stake in Oaktree Specialty Lending in the first quarter valued at $197,000. Finally, ProShare Advisors LLC purchased a new position in shares of Oaktree Specialty Lending during the first quarter valued at about $210,000. 36.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OCSL has been the topic of several recent research reports. B. Riley reduced their price target on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company cut shares of Oaktree Specialty Lending from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. reduced their price target on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research report on Monday, July 29th. Oppenheimer downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $20.00 to $18.00 in a report on Friday, August 2nd. Finally, StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.25.

Oaktree Specialty Lending Trading Up 1.0 %

OCSL stock opened at $16.41 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 12.25 and a beta of 1.09. Oaktree Specialty Lending Co. has a twelve month low of $15.56 and a twelve month high of $21.64. The firm’s fifty day simple moving average is $17.27 and its two-hundred day simple moving average is $18.64. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Oaktree Specialty Lending had a return on equity of 12.03% and a net margin of 17.21%. The business had revenue of $94.97 million during the quarter, compared to analysts’ expectations of $99.35 million. As a group, analysts anticipate that Oaktree Specialty Lending Co. will post 2.24 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.41%. Oaktree Specialty Lending’s payout ratio is 164.18%.

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.