Wealthfront Advisers LLC Acquires New Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Wealthfront Advisers LLC acquired a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,166 shares of the credit services provider’s stock, valued at approximately $232,000.

A number of other hedge funds have also made changes to their positions in the stock. Canton Hathaway LLC acquired a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $44,000. Spire Wealth Management acquired a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $68,000. Geneos Wealth Management Inc. acquired a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $93,000. SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $106,000. Finally, EMC Capital Management grew its position in Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock worth $133,000 after purchasing an additional 3,026 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OCSL. B. Riley lowered shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a research note on Wednesday, December 11th. Citizens Jmp lowered shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Oppenheimer reaffirmed a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Finally, JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $15.45 on Tuesday. The company 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 one year low of $14.89 and a one year high of $19.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. The company’s fifty day moving average price is $15.71 and its 200 day moving average price is $15.94.

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

Oaktree Specialty Lending Cuts Dividend

The company also recently announced 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 of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 10.36%. Oaktree Specialty Lending’s dividend payout ratio (DPR) 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.