Atria Wealth Solutions Inc. purchased a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,838 shares of the credit services provider’s stock, valued at approximately $274,000. Atria Wealth Solutions Inc. owned 0.05% of Oaktree Specialty Lending as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Deutsche Bank AG bought a new position in Oaktree Specialty Lending during the fourth quarter worth $39,000. Tucker Asset Management LLC bought a new position in Oaktree Specialty Lending during the first quarter worth $41,000. Kistler Tiffany Companies LLC bought a new position in Oaktree Specialty Lending during the first quarter worth $48,000. Point72 Hong Kong Ltd bought a new position in Oaktree Specialty Lending during the second quarter worth $54,000. Finally, Centiva Capital LP bought a new position in Oaktree Specialty Lending during the second quarter worth $69,000. Institutional investors and hedge funds own 39.25% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on OCSL shares. Hovde Group downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and set a $21.00 price target for the company. in a research note on Friday, August 4th. StockNews.com started coverage on shares of Oaktree Specialty Lending in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Oaktree Specialty Lending currently has an average rating of “Moderate Buy” and a consensus price target of $21.90.
Oaktree Specialty Lending Trading Up 0.8 %
NASDAQ:OCSL opened at $20.33 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50-day moving average of $20.02 and a 200-day moving average of $19.26. The company has a market cap of $1.57 billion, a PE ratio of 16.94 and a beta of 1.17. 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 – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.01). Oaktree Specialty Lending had a return on equity of 11.97% and a net margin of 25.00%. The firm had revenue of $101.06 million for the quarter, compared to analysts’ expectations of $102.71 million. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities research analysts expect that Oaktree Specialty Lending Co. will post 2.47 EPS for the current fiscal year.
Oaktree Specialty Lending Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 10.82%. The ex-dividend date is Thursday, September 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 183.33%.
About Oaktree Specialty Lending
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.
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