Trexquant Investment LP Invests $296,000 in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Trexquant Investment LP acquired a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,344 shares of the credit services provider’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $44,000. Spire Wealth Management purchased a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $68,000. Geneos Wealth Management Inc. acquired a new position in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $93,000. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $106,000. Finally, EMC Capital Management increased its holdings in shares of Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock valued at $133,000 after purchasing an additional 3,026 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OCSL shares. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.42.

Oaktree Specialty Lending Trading Up 0.1 %

NASDAQ OCSL opened at $13.57 on Monday. 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 stock has a market capitalization of $1.12 billion, a P/E ratio of 20.25 and a beta of 0.84. The firm’s 50-day moving average is $15.39 and its two-hundred day moving average is $15.71. Oaktree Specialty Lending Co. has a 12 month low of $12.50 and a 12 month high of $19.95.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting the consensus estimate 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 prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 11.79%. Oaktree Specialty Lending’s dividend 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.