Bruni J V & Co. Co. Has $32.46 Million Stock Holdings in Oaktree Specialty Lending Corp. $OCSL

Bruni J V & Co. Co. lifted its stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,487,019 shares of the credit services provider’s stock after acquiring an additional 274,667 shares during the quarter. Oaktree Specialty Lending makes up approximately 3.3% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 15th largest position. Bruni J V & Co. Co. owned approximately 2.82% of Oaktree Specialty Lending worth $32,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of OCSL. Private Management Group Inc. grew its stake in Oaktree Specialty Lending by 10.1% in the second 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 in the last quarter. Generali Asset Management SPA SGR boosted its holdings in shares of Oaktree Specialty Lending by 10.6% in the 3rd 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 buying an additional 199,415 shares during the last quarter. Claret Asset Management Corp grew its stake in shares of Oaktree Specialty Lending by 11.8% in 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 buying an additional 179,563 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of 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 valued at $8,556,000 after buying an additional 469,328 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Oaktree Specialty Lending by 34.3% during the first quarter. Royal Bank of Canada now owns 468,879 shares of the credit services provider’s stock worth $7,201,000 after buying an additional 119,775 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on OCSL shares. Wall Street Zen upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company cut their target price on shares of Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Weiss Ratings downgraded Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Zacks Research lowered Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Lucid Cap Mkts upgraded Oaktree Specialty Lending to a “hold” rating in a research note on Monday, December 15th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Oaktree Specialty Lending presently has an average rating of “Reduce” and a consensus price target of $13.75.

Oaktree Specialty Lending Stock Down 2.4%

Oaktree Specialty Lending stock opened at $11.56 on Friday. The company’s 50-day moving average price is $12.58 and its two-hundred day moving average price is $13.19. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.02 billion, a P/E ratio of 32.11 and a beta of 0.52. Oaktree Specialty Lending Corp. has a twelve month low of $11.52 and a twelve month high of $16.29.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Wednesday, February 4th. The credit services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. The company had revenue of $74.48 million for the quarter, compared to the consensus estimate of $75.72 million. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, analysts expect that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 16th. This represents a $1.60 annualized dividend and a yield of 13.8%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 444.44%.

About Oaktree Specialty Lending

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.