Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Glenview Trust co

Glenview Trust co reduced its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 46.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,148 shares of the credit services provider’s stock after selling 13,752 shares during the period. Glenview Trust co’s holdings in Oaktree Specialty Lending were worth $247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OCSL. Apollon Wealth Management LLC grew its position in Oaktree Specialty Lending by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock worth $309,000 after purchasing an additional 998 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Oaktree Specialty Lending by 7.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,670 shares of the credit services provider’s stock worth $3,273,000 after purchasing an additional 13,883 shares during the period. Bruni J V & Co. Co. grew its position in Oaktree Specialty Lending by 1.3% during the 3rd quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock worth $24,975,000 after purchasing an additional 19,790 shares during the period. Advisors Asset Management Inc. grew its position in Oaktree Specialty Lending by 5.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 217,321 shares of the credit services provider’s stock worth $3,545,000 after purchasing an additional 11,841 shares during the period. Finally, Centaurus Financial Inc. grew its position in Oaktree Specialty Lending by 11.4% during the 3rd quarter. Centaurus Financial Inc. now owns 35,115 shares of the credit services provider’s stock worth $573,000 after purchasing an additional 3,600 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a research report on Wednesday, December 11th. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Citizens Jmp cut Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Trading Down 1.9 %

Shares of Oaktree Specialty Lending stock opened at $15.45 on Tuesday. The firm has a market capitalization of $1.27 billion, a PE ratio of 23.06 and a beta of 1.05. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $19.95. The firm’s 50-day moving average price is $15.71 and its 200 day moving average price is $15.94. 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 earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The business had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. During the same period last year, the company posted $0.57 EPS. The business’s revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 10.36%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s payout ratio is presently 238.81%.

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.