Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 27.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,465 shares of the credit services provider’s stock after selling 8,678 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Oaktree Specialty Lending were worth $343,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Private Management Group Inc. raised its holdings in Oaktree Specialty Lending by 51.3% in the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider’s stock worth $32,534,000 after purchasing an additional 721,629 shares during the period. Van ECK Associates Corp raised its holdings in Oaktree Specialty Lending by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider’s stock worth $32,006,000 after purchasing an additional 71,808 shares during the period. Bruni J V & Co. Co. raised its holdings in Oaktree Specialty Lending by 1.3% in 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. Rivernorth Capital Management LLC acquired a new position in Oaktree Specialty Lending in the 3rd quarter worth about $6,598,000. Finally, Rezny Wealth Management Inc. raised its holdings in Oaktree Specialty Lending by 6.4% in the 4th quarter. Rezny Wealth Management Inc. now owns 274,035 shares of the credit services provider’s stock worth $4,187,000 after purchasing an additional 16,544 shares during the period. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Price Performance

NASDAQ:OCSL opened at $15.95 on Tuesday. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $20.01. 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 stock has a market cap of $1.31 billion, a PE ratio of 23.81 and a beta of 1.08. The stock has a 50 day moving average price of $15.59 and a 200 day moving average price of $16.02.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm had revenue of $86.65 million during the quarter, compared to analysts’ expectations of $91.93 million. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities research analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 10.03%. Oaktree Specialty Lending’s dividend payout ratio is presently 238.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OCSL. Oppenheimer reaffirmed a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods reduced their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.75.

About Oaktree Specialty Lending

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.