Atria Wealth Solutions Inc. Sells 6,157 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Atria Wealth Solutions Inc. decreased its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 17.4% in the 4th quarter, Holdings Channel reports. The fund owned 29,177 shares of the credit services provider’s stock after selling 6,157 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Oaktree Specialty Lending were worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Oaktree Specialty Lending by 13.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 102,100 shares of the credit services provider’s stock worth $2,054,000 after purchasing an additional 12,269 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Oaktree Specialty Lending by 42.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 28,226 shares of the credit services provider’s stock valued at $534,000 after buying an additional 8,467 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in Oaktree Specialty Lending by 0.6% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 785,584 shares of the credit services provider’s stock valued at $15,806,000 after acquiring an additional 4,715 shares in the last quarter. Carmel Capital Partners LLC boosted its position in Oaktree Specialty Lending by 5.2% during the 3rd quarter. Carmel Capital Partners LLC now owns 95,352 shares of the credit services provider’s stock worth $1,918,000 after acquiring an additional 4,704 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Oaktree Specialty Lending by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 296,471 shares of the credit services provider’s stock worth $5,965,000 after acquiring an additional 1,529 shares in the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OCSL shares. JMP Securities reissued 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 cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $22.00 to $19.00 in a research report on Friday, February 2nd. 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 report on Monday, January 29th. B. Riley lowered Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.67.

Oaktree Specialty Lending Price Performance

NASDAQ:OCSL opened at $19.30 on Friday. Oaktree Specialty Lending Co. has a 12-month low of $17.99 and a 12-month high of $21.64. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 14.40 and a beta of 1.06. The stock’s 50 day moving average price is $19.52 and its two-hundred day moving average price is $19.95. The company has a quick ratio of 0.25, a current ratio of 0.24 and a debt-to-equity ratio of 0.59.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $99.66 million. Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. During the same quarter last year, the company posted $0.62 EPS. On average, analysts anticipate that Oaktree Specialty Lending Co. will post 2.28 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, June 14th. This represents a $2.20 dividend on an annualized basis and a yield of 11.40%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 164.18%.

Insider Transactions at Oaktree Specialty Lending

In other news, Director Phyllis R. Caldwell bought 2,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $20.07 per share, for a total transaction of $40,140.00. Following the transaction, the director now owns 11,166 shares of the company’s stock, valued at $224,101.62. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.

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.