Sumitomo Mitsui Trust Group Inc. Raises Stake in Oaktree Specialty Lending Corp. $OCSL

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 26.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 303,769 shares of the credit services provider’s stock after buying an additional 63,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.34% of Oaktree Specialty Lending worth $3,964,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in OCSL. Private Management Group Inc. grew its position in shares of Oaktree Specialty Lending by 10.1% during 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 acquiring an additional 221,664 shares during the period. Generali Asset Management SPA SGR lifted its stake in Oaktree Specialty Lending by 10.6% in the third quarter. Generali Asset Management SPA SGR now owns 2,087,981 shares of the credit services provider’s stock valued at $27,248,000 after purchasing an additional 199,415 shares during the last quarter. Claret Asset Management Corp grew its holdings in Oaktree Specialty Lending by 11.8% during the second quarter. Claret Asset Management Corp now owns 1,700,738 shares of the credit services provider’s stock valued at $23,232,000 after purchasing an additional 179,563 shares during the period. Melia Wealth LLC grew its holdings in Oaktree Specialty Lending by 12.6% during the second quarter. Melia Wealth LLC now owns 990,458 shares of the credit services provider’s stock valued at $13,530,000 after purchasing an additional 110,938 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Oaktree Specialty Lending by 298.9% in the second quarter. Balyasny Asset Management L.P. now owns 626,324 shares of the credit services provider’s stock worth $8,556,000 after buying an additional 469,328 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock opened at $12.87 on Monday. Oaktree Specialty Lending Corp. has a 1-year low of $12.41 and a 1-year high of $16.29. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.13 billion, a PE ratio of 33.00 and a beta of 0.52. The firm’s 50 day simple moving average is $13.20 and its 200 day simple moving average is $13.50.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, November 18th. The credit services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $76.87 million during the quarter, compared to analyst estimates of $76.51 million. Oaktree Specialty Lending had a net margin of 10.71% and a return on equity of 10.31%. During the same period in the previous year, the business earned $0.45 EPS. As a group, analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date was Monday, December 15th. Oaktree Specialty Lending’s dividend payout ratio is currently 410.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Lucid Cap Mkts raised Oaktree Specialty Lending to a “hold” rating in a research report on Monday, December 15th. Zacks Research upgraded Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Oaktree Specialty Lending in a research report on Monday, December 29th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $14.25.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.