Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC cut its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260,025 shares of the credit services provider’s stock after selling 11,598 shares during the quarter. Evergreen Capital Management LLC owned 0.32% of Oaktree Specialty Lending worth $4,891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its position in shares of Oaktree Specialty Lending by 11.2% during the second quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock worth $224,000 after acquiring an additional 1,194 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Oaktree Specialty Lending by 0.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 232,244 shares of the credit services provider’s stock valued at $4,566,000 after purchasing an additional 1,726 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Oaktree Specialty Lending by 11.2% in the 4th quarter. Parallel Advisors LLC now owns 18,050 shares of the credit services provider’s stock valued at $369,000 after buying an additional 1,825 shares during the period. Cape Investment Advisory Inc. purchased a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at about $39,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Oaktree Specialty Lending by 1.9% during the second quarter. Commonwealth Equity Services LLC now owns 113,569 shares of the credit services provider’s stock worth $2,136,000 after buying an additional 2,094 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OCSL shares. JPMorgan Chase & Co. decreased 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 note on Monday, July 29th. Wells Fargo & Company lowered shares of Oaktree Specialty Lending from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $18.00 to $17.00 in a report on Monday, August 26th. StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Oppenheimer lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $20.00 to $18.00 in a report on Friday, August 2nd. Finally, JMP Securities decreased their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.25.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $16.02 on Tuesday. Oaktree Specialty Lending Co. has a 12 month low of $15.56 and a 12 month high of $21.64. The firm has a market capitalization of $1.30 billion, a P/E ratio of 11.96 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. The company’s fifty day moving average price is $16.92 and its 200 day moving average price is $18.44.

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

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, September 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.73%. 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.