Barclays PLC Buys 60,089 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Barclays PLC raised its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 56.8% in the 4th quarter, HoldingsChannel reports. The firm owned 165,855 shares of the credit services provider’s stock after acquiring an additional 60,089 shares during the quarter. Barclays PLC’s holdings in Oaktree Specialty Lending were worth $2,534,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TT Capital Management LLC acquired a new position in Oaktree Specialty Lending during the fourth quarter worth $1,470,000. Melia Wealth LLC increased its holdings in Oaktree Specialty Lending by 5.2% during the fourth quarter. Melia Wealth LLC now owns 801,216 shares of the credit services provider’s stock worth $12,243,000 after buying an additional 39,414 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Oaktree Specialty Lending in the fourth quarter worth about $701,000. Invesco Ltd. grew its position in shares of Oaktree Specialty Lending by 1,300.1% during the 4th quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider’s stock valued at $13,384,000 after acquiring an additional 813,352 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $1,780,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock opened at $14.40 on Thursday. The firm’s 50 day simple moving average is $15.02 and its 200 day simple moving average is $15.54. 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 Co. has a 1-year low of $12.50 and a 1-year high of $19.80. The firm has a market capitalization of $1.18 billion, a PE ratio of 21.49 and a beta of 0.84.

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

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.11%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending’s payout ratio is 238.81%.

Wall Street Analyst Weigh In

OCSL has been the topic of several research reports. Keefe, Bruyette & Woods lowered their target price on Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company lowered their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Oaktree Specialty Lending presently has an average rating of “Hold” and an average price target of $16.00.

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.