JPMorgan Chase & Co. Has $2.50 Million Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

JPMorgan Chase & Co. lifted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 101.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,387 shares of the credit services provider’s stock after purchasing an additional 82,464 shares during the quarter. JPMorgan Chase & Co. owned 0.20% of Oaktree Specialty Lending worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in shares of Oaktree Specialty Lending by 21.2% during the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock worth $885,000 after buying an additional 9,495 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of Oaktree Specialty Lending in the third quarter valued at approximately $175,000. Barclays PLC raised its holdings in Oaktree Specialty Lending by 2.1% in the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock valued at $1,725,000 after buying an additional 2,140 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in Oaktree Specialty Lending during the 3rd quarter worth approximately $6,598,000. Finally, Confluence Investment Management LLC grew its holdings in Oaktree Specialty Lending by 0.5% during the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock worth $1,993,000 after acquiring an additional 689 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $14.42 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. Oaktree Specialty Lending Co. has a fifty-two week low of $12.50 and a fifty-two week high of $19.95. The company has a 50 day simple moving average of $15.15 and a two-hundred day simple moving average of $15.60. The company has a market capitalization of $1.19 billion, a PE ratio of 21.52 and a beta of 0.84.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $86.65 million during 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%. Oaktree Specialty Lending’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share. Research analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current 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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 11.10%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 238.81%.

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.