abrdn plc Has $2.77 Million Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

abrdn plc cut its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Rating) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 403,754 shares of the credit services provider’s stock after selling 149,980 shares during the quarter. abrdn plc owned 0.52% of Oaktree Specialty Lending worth $2,774,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Legacy Capital Wealth Partners LLC lifted its stake in Oaktree Specialty Lending by 15.1% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 194,958 shares of the credit services provider’s stock valued at $1,340,000 after buying an additional 25,562 shares during the period. Texas Capital Bank Wealth Management Services Inc. increased its holdings in shares of Oaktree Specialty Lending by 41.7% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc. now owns 341,801 shares of the credit services provider’s stock valued at $2,348,000 after acquiring an additional 100,607 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Oaktree Specialty Lending by 100.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 21,232 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 10,631 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Oaktree Specialty Lending by 1.9% during the fourth quarter. Raymond James & Associates now owns 120,824 shares of the credit services provider’s stock valued at $830,000 after acquiring an additional 2,259 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in shares of Oaktree Specialty Lending by 1.4% during the fourth quarter. Belpointe Asset Management LLC now owns 71,162 shares of the credit services provider’s stock valued at $489,000 after acquiring an additional 953 shares in the last quarter. 50.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OCSL has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Oaktree Specialty Lending from $21.00 to $20.50 and set an “overweight” rating for the company in a report on Wednesday, February 8th. StockNews.com began coverage on Oaktree Specialty Lending in a report on Thursday, May 18th. They set a “hold” rating for the company. JMP Securities reiterated a “market outperform” rating and set a $23.00 price target on shares of Oaktree Specialty Lending in a report on Monday, March 13th. Finally, TheStreet upgraded Oaktree Specialty Lending from a “c+” rating to a “b” rating in a report on Monday, May 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Oaktree Specialty Lending Stock Up 0.2 %

OCSL stock opened at $18.76 on Wednesday. The stock’s fifty day simple moving average is $18.50 and its two-hundred day simple moving average is $19.83. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40. Oaktree Specialty Lending Co. has a 1-year low of $17.59 and a 1-year high of $21.74. The stock has a market cap of $1.45 billion, a P/E ratio of 208.56 and a beta of 1.17.

Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The credit services provider reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. Oaktree Specialty Lending had a return on equity of 11.29% and a net margin of 3.36%. The firm had revenue of $96.30 million for the quarter, compared to analysts’ expectations of $91.89 million. During the same quarter in the prior year, the firm earned $0.54 EPS. Analysts expect that Oaktree Specialty Lending Co. will post 2.5 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $2.20 dividend on an annualized basis and a yield of 11.73%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 2,445.80%.

Oaktree Specialty Lending Profile

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Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to private, small and mid-sized growing businesses. While fostering growth is our primary mission, a singular purpose drives all of our pursuits partnering for success.