Advisors Asset Management Inc. Sells 75,436 Shares of Oaktree Specialty Lending Corp. $OCSL

Advisors Asset Management Inc. lowered its position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 42.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,228 shares of the credit services provider’s stock after selling 75,436 shares during the quarter. Advisors Asset Management Inc. owned 0.12% of Oaktree Specialty Lending worth $1,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Management Group Inc. raised its holdings in shares of Oaktree Specialty Lending by 10.1% in the 2nd quarter. Private Management Group Inc. now owns 2,406,670 shares of the credit services provider’s stock valued at $32,875,000 after purchasing an additional 221,664 shares during the period. Generali Asset Management SPA SGR raised its stake in Oaktree Specialty Lending by 74.2% in the second quarter. Generali Asset Management SPA SGR now owns 1,888,566 shares of the credit services provider’s stock valued at $25,798,000 after buying an additional 804,422 shares during the period. Melia Wealth LLC lifted its position in shares of Oaktree Specialty Lending by 12.6% in the second quarter. Melia Wealth LLC now owns 990,458 shares of the credit services provider’s stock valued at $13,530,000 after buying an additional 110,938 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Oaktree Specialty Lending by 34.3% during the 1st quarter. Royal Bank of Canada now owns 468,879 shares of the credit services provider’s stock worth $7,201,000 after acquiring an additional 119,775 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Oaktree Specialty Lending by 10.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 368,923 shares of the credit services provider’s stock worth $5,039,000 after acquiring an additional 34,476 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research raised Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Thursday, October 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Oaktree Specialty Lending in a research note on Tuesday, November 25th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Oaktree Specialty Lending currently has an average rating of “Reduce” and an average price target of $14.25.

Oaktree Specialty Lending Trading Up 0.5%

OCSL stock opened at $13.81 on Monday. Oaktree Specialty Lending Corp. has a 52 week low of $12.44 and a 52 week high of $16.53. The company has a market capitalization of $1.22 billion, a PE ratio of 24.65 and a beta of 0.65. The company’s 50-day simple moving average is $13.39 and its 200 day simple moving average is $13.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Tuesday, November 18th. The credit services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Oaktree Specialty Lending had a net margin of 13.84% and a return on equity of 10.94%. The business had revenue of $76.87 million during the quarter, compared to analysts’ expectations of $76.51 million. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, sell-side analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Monday, December 15th. Oaktree Specialty Lending’s payout ratio is 410.26%.

Oaktree Specialty Lending Company 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.