Accel Wealth Management Acquires 2,602 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Accel Wealth Management boosted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSLFree Report) by 21.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,554 shares of the credit services provider’s stock after buying an additional 2,602 shares during the quarter. Accel Wealth Management’s holdings in Oaktree Specialty Lending were worth $286,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GraniteShares Advisors LLC boosted its position in shares of Oaktree Specialty Lending by 0.7% in the fourth quarter. GraniteShares Advisors LLC now owns 71,772 shares of the credit services provider’s stock worth $1,466,000 after purchasing an additional 532 shares during the period. MRP Capital Investments LLC boosted its position in shares of Oaktree Specialty Lending by 3.2% in the fourth quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider’s stock worth $403,000 after purchasing an additional 616 shares during the period. AdvisorNet Financial Inc boosted its position in shares of Oaktree Specialty Lending by 21.4% in the fourth quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 900 shares during the period. Epiq Partners LLC boosted its position in shares of Oaktree Specialty Lending by 0.5% in the fourth quarter. Epiq Partners LLC now owns 203,204 shares of the credit services provider’s stock worth $4,149,000 after purchasing an additional 1,035 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of Oaktree Specialty Lending by 1.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 137,510 shares of the credit services provider’s stock worth $2,808,000 after purchasing an additional 1,470 shares during the period. 36.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OCSL has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $21.00 target price on shares of Oaktree Specialty Lending in a report on Tuesday, March 26th. JPMorgan Chase & Co. decreased their price target on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.67.

Get Our Latest Stock Analysis on Oaktree Specialty Lending

Oaktree Specialty Lending Stock Performance

OCSL stock opened at $18.79 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.59. Oaktree Specialty Lending Co. has a twelve month low of $18.41 and a twelve month high of $21.64. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.02 and a beta of 1.09. The firm’s fifty day simple moving average is $19.23 and its two-hundred day simple moving average is $19.79.

Oaktree Specialty Lending (NASDAQ:OCSLGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $94.03 million for 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 firm earned $0.62 EPS. As a group, analysts anticipate that Oaktree Specialty Lending Co. will post 2.28 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 11.71%. The ex-dividend date was Friday, June 14th. Oaktree Specialty Lending’s payout ratio is 164.18%.

Oaktree Specialty Lending Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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