Allspring Global Investments Holdings LLC Boosts Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Allspring Global Investments Holdings LLC grew its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 298,996 shares of the credit services provider’s stock after purchasing an additional 2,525 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Oaktree Specialty Lending were worth $6,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $41,000. Harbour Investments Inc. purchased a new stake in shares of Oaktree Specialty Lending in the first quarter valued at approximately $71,000. Newbridge Financial Services Group Inc. grew its position in shares of Oaktree Specialty Lending by 78.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 3,974 shares of the credit services provider’s stock valued at $80,000 after purchasing an additional 1,750 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Oaktree Specialty Lending by 460.0% in the third quarter. AdvisorNet Financial Inc now owns 4,200 shares of the credit services provider’s stock valued at $85,000 after purchasing an additional 3,450 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $39,000. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OCSL. JPMorgan Chase & Co. lowered their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. B. Riley lowered Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Monday, January 8th. JMP Securities reiterated a “market outperform” rating and issued a $21.00 price objective on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $22.00 to $19.00 in a research report on Friday, February 2nd. Finally, Wells Fargo & Company increased their price objective on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Oaktree Specialty Lending has an average rating of “Hold” and an average target price of $20.67.

Oaktree Specialty Lending Trading Up 0.3 %

OCSL opened at $19.48 on Friday. Oaktree Specialty Lending Co. has a 52 week low of $17.99 and a 52 week high of $21.64. The business has a fifty day simple moving average of $19.62 and a 200-day simple moving average of $19.93. The firm has a market cap of $1.54 billion, a P/E ratio of 12.90 and a beta of 1.06. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.60.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). The company had revenue of $97.99 million during the quarter, compared to analyst estimates of $99.48 million. Oaktree Specialty Lending had a net margin of 28.81% and a return on equity of 12.22%. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts expect that Oaktree Specialty Lending Co. will post 2.31 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 11.29%. The ex-dividend date was Thursday, March 14th. Oaktree Specialty Lending’s payout ratio is currently 145.70%.

Insider Activity

In related news, Director Phyllis R. Caldwell acquired 2,000 shares of Oaktree Specialty Lending stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $20.07 per share, for a total transaction of $40,140.00. Following the completion of the purchase, the director now owns 11,166 shares in the company, valued at $224,101.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.29% of the company’s stock.

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.