Raymond James & Associates Has $1.08 Million Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Raymond James & Associates boosted its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,064 shares of the credit services provider’s stock after purchasing an additional 5,896 shares during the quarter. Raymond James & Associates’ holdings in Oaktree Specialty Lending were worth $1,084,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Deutsche Bank AG acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $39,000. Massmutual Trust Co. FSB ADV bought a new stake in Oaktree Specialty Lending during the fourth quarter worth $41,000. Point72 Hong Kong Ltd acquired a new stake in shares of Oaktree Specialty Lending in the 2nd quarter valued at $54,000. Centiva Capital LP bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at $69,000. Finally, Harbour Investments Inc. acquired a new position in shares of Oaktree Specialty Lending during the 1st quarter worth $71,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Up 1.3 %

Shares of NASDAQ OCSL opened at $19.74 on Monday. The firm has a 50 day moving average price of $19.62 and a two-hundred day moving average price of $19.94. The stock has a market cap of $1.56 billion, a P/E ratio of 13.07 and a beta of 1.06. Oaktree Specialty Lending Co. has a 52-week low of $17.99 and a 52-week high of $21.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.25 and a current ratio of 0.25.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The business had revenue of $97.99 million during the quarter, compared to the consensus estimate of $99.48 million. Oaktree Specialty Lending had a return on equity of 12.22% and a net margin of 28.81%. During the same period in the prior year, the firm earned $0.61 EPS. As a group, equities analysts forecast that Oaktree Specialty Lending Co. will post 2.31 EPS 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 given a dividend of $0.55 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.14%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 145.70%.

Insider Buying and Selling

In other news, Director Phyllis R. Caldwell purchased 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $20.07 per share, for a total transaction of $40,140.00. Following the acquisition, the director now owns 11,166 shares in the company, valued at $224,101.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

OCSL has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Oaktree Specialty Lending from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $22.00 to $19.00 in a report on Friday, February 2nd. JMP Securities reissued a “market outperform” rating and issued a $21.00 price objective on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. JPMorgan Chase & Co. cut their target price on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, B. Riley cut Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note on Monday, January 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.67.

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.