Denali Advisors LLC Has $2.19 Million Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Denali Advisors LLC lowered its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,256 shares of the credit services provider’s stock after selling 14,918 shares during the quarter. Denali Advisors LLC’s holdings in Oaktree Specialty Lending were worth $2,189,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OCSL. PFS Partners LLC increased its holdings in shares of Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 1,660 shares during the period. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth about $44,000. Spire Wealth Management bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $68,000. Geneos Wealth Management Inc. bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $93,000. Finally, SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending in the 4th quarter valued at approximately $106,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

OCSL opened at $15.92 on Thursday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 23.76 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50-day simple moving average is $15.54 and its 200-day simple moving average is $16.03. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $20.08.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting 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 firm had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. During the same period in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities research analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 10.05%. Oaktree Specialty Lending’s payout ratio is 238.81%.

Analyst Ratings Changes

OCSL has been the topic of several recent research reports. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective on the stock. in a report on Wednesday, December 11th. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Citizens Jmp downgraded shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods lowered their target price on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 20th. Finally, Oppenheimer reissued a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.75.

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.