Invesco Ltd. Boosts Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Invesco Ltd. grew its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 1,300.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 875,913 shares of the credit services provider’s stock after buying an additional 813,352 shares during the quarter. Invesco Ltd. owned 1.06% of Oaktree Specialty Lending worth $13,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Canton Hathaway LLC bought a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $44,000. Spire Wealth Management bought a new position in Oaktree Specialty Lending in the 4th quarter worth about $68,000. Geneos Wealth Management Inc. purchased a new position in shares of Oaktree Specialty Lending during the fourth quarter worth approximately $93,000. SG Americas Securities LLC bought a new stake in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $106,000. Finally, EMC Capital Management boosted its holdings in shares of Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock valued at $133,000 after purchasing an additional 3,026 shares during the period. 36.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their target price on Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, Oaktree Specialty Lending presently has an average rating of “Hold” and an average target price of $16.42.

Oaktree Specialty Lending Trading Down 1.9 %

OCSL opened at $14.08 on Tuesday. Oaktree Specialty Lending Co. has a 12 month low of $12.50 and a 12 month high of $19.95. The stock has a fifty day moving average price of $15.21 and a 200-day moving average price of $15.61. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 21.02 and a beta of 0.84. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $86.65 million for the quarter, compared to analysts’ expectations of $91.93 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. As a group, equities research analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 11.36%. Oaktree Specialty Lending’s dividend payout ratio is presently 238.81%.

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.