US Bancorp DE Reduces Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

US Bancorp DE reduced its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 66.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,498 shares of the credit services provider’s stock after selling 5,002 shares during the period. US Bancorp DE’s holdings in Oaktree Specialty Lending were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of Oaktree Specialty Lending by 47.7% in the 4th quarter. Bank of Montreal Can now owns 38,800 shares of the credit services provider’s stock worth $272,000 after buying an additional 12,535 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Oaktree Specialty Lending by 15.2% in the 4th quarter. Van ECK Associates Corp now owns 2,318,456 shares of the credit services provider’s stock worth $15,928,000 after acquiring an additional 305,640 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Oaktree Specialty Lending by 1.8% in the 4th quarter. LSV Asset Management now owns 3,756,136 shares of the credit services provider’s stock worth $25,805,000 after acquiring an additional 65,410 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of Oaktree Specialty Lending in the 1st quarter worth about $1,077,000. Finally, Belpointe Asset Management LLC lifted its holdings in shares of Oaktree Specialty Lending by 1.4% in the 4th quarter. Belpointe Asset Management LLC now owns 71,162 shares of the credit services provider’s stock worth $489,000 after acquiring an additional 953 shares during the last quarter. 40.00% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Trading Up 0.6 %

NASDAQ OCSL opened at $20.18 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.82 and a beta of 1.17. The company’s 50-day simple moving average is $19.84 and its two-hundred day simple moving average is $19.28. Oaktree Specialty Lending Co. has a one year low of $17.59 and a one year high of $21.69.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Thursday, August 3rd. The credit services provider reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The business had revenue of $101.06 million for the quarter, compared to analysts’ expectations of $102.71 million. Oaktree Specialty Lending had a net margin of 25.00% and a return on equity of 11.97%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. Equities analysts forecast that Oaktree Specialty Lending Co. will post 2.47 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 10.90%. The ex-dividend date of this dividend is Thursday, September 14th. Oaktree Specialty Lending’s payout ratio is currently 183.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OCSL shares. StockNews.com started coverage on shares of Oaktree Specialty Lending in a report on Thursday, August 17th. They set a “hold” rating for the company. Hovde Group lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and set a $21.00 price objective for the company. in a report on Friday, August 4th. Finally, TheStreet upgraded shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.90.

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.