Cambridge Investment Research Advisors Inc. Buys 16,933 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Cambridge Investment Research Advisors Inc. increased its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Rating) by 17.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,112 shares of the credit services provider’s stock after purchasing an additional 16,933 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Oaktree Specialty Lending were worth $697,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OCSL. Envestnet Asset Management Inc. lifted its holdings in shares of Oaktree Specialty Lending by 2.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 51,863 shares of the credit services provider’s stock worth $382,000 after buying an additional 1,371 shares during the period. Carnegie Capital Asset Management LLC raised its holdings in shares of Oaktree Specialty Lending by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 424,000 shares of the credit services provider’s stock valued at $2,777,000 after acquiring an additional 1,500 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in Oaktree Specialty Lending by 9.5% in the second quarter. Integrated Advisors Network LLC now owns 19,640 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,700 shares during the period. Essex Financial Services Inc. grew its holdings in Oaktree Specialty Lending by 8.5% during the 2nd quarter. Essex Financial Services Inc. now owns 25,614 shares of the credit services provider’s stock worth $168,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Oaktree Specialty Lending by 2.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 118,843 shares of the credit services provider’s stock valued at $778,000 after purchasing an additional 2,535 shares during the period. 50.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Oaktree Specialty Lending from $7.00 to $7.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 16th. B. Riley increased their target price on Oaktree Specialty Lending from $6.25 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, November 16th. StockNews.com lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Friday, December 30th. Finally, Hovde Group set a $7.50 price objective on Oaktree Specialty Lending in a research report on Thursday, November 17th.

Oaktree Specialty Lending Trading Up 0.3 %

NASDAQ:OCSL opened at $7.07 on Monday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 44.19 and a beta of 1.23. Oaktree Specialty Lending Co. has a 52 week low of $5.86 and a 52 week high of $7.81. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $6.91 and a 200 day moving average of $6.75.

Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) last issued its quarterly earnings results on Tuesday, November 15th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Oaktree Specialty Lending had a return on equity of 9.96% and a net margin of 11.13%. The business had revenue of $70.14 million for the quarter, compared to analyst estimates of $66.46 million. As a group, sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 0.81 earnings per share for the current fiscal year.

Oaktree Specialty Lending Increases Dividend

The firm also recently declared a None dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were issued a $0.32 dividend. This represents a yield of 9.5%. The ex-dividend date was Wednesday, December 14th. This is an increase from Oaktree Specialty Lending’s previous None dividend of $0.17. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 450.00%.

Insider Transactions at Oaktree Specialty Lending

In related news, Director Phyllis R. Caldwell bought 4,000 shares of the stock in a transaction that occurred on Friday, December 9th. The stock was bought at an average cost of $7.00 per share, for a total transaction of $28,000.00. Following the purchase, the director now directly owns 19,200 shares of the company’s stock, valued at $134,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

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.