Oaktree Specialty Lending Co. (NASDAQ:OCSL) Holdings Boosted by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC boosted its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 106.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 484,890 shares of the credit services provider’s stock after acquiring an additional 249,714 shares during the quarter. Oaktree Specialty Lending accounts for 4.8% of Trinity Financial Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Trinity Financial Advisors LLC’s holdings in Oaktree Specialty Lending were worth $9,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GraniteShares Advisors LLC raised its stake in Oaktree Specialty Lending by 0.7% during the 4th quarter. GraniteShares Advisors LLC now owns 71,772 shares of the credit services provider’s stock worth $1,466,000 after acquiring an additional 532 shares during the period. Samalin Investment Counsel LLC raised its stake in Oaktree Specialty Lending by 1.2% during the 3rd quarter. Samalin Investment Counsel LLC now owns 48,514 shares of the credit services provider’s stock worth $976,000 after acquiring an additional 579 shares during the period. Oppenheimer & Co. Inc. raised its stake in Oaktree Specialty Lending by 4.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,615 shares of the credit services provider’s stock worth $294,000 after acquiring an additional 584 shares during the period. MRP Capital Investments LLC raised its stake in Oaktree Specialty Lending by 3.2% during the 4th quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider’s stock worth $403,000 after acquiring an additional 616 shares during the period. Finally, AdvisorNet Financial Inc raised its stake in Oaktree Specialty Lending by 21.4% during the 4th quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 900 shares during the period. Institutional investors own 36.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Keefe, Bruyette & Woods cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $22.00 to $19.00 in a research report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. JMP Securities reiterated a “market outperform” rating and set a $21.00 price objective on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. Finally, B. Riley cut shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Oaktree Specialty Lending currently has an average rating of “Hold” and an average target price of $20.67.

Insiders Place Their Bets

In other news, Director Phyllis R. Caldwell acquired 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $20.07 per share, with a total value of $40,140.00. Following the completion of the purchase, the director now directly owns 11,166 shares of the company’s stock, valued at $224,101.62. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by insiders.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock traded up $0.35 on Wednesday, reaching $19.51. The company’s stock had a trading volume of 612,103 shares, compared to its average volume of 652,053. The stock’s fifty day simple moving average is $19.56 and its 200-day simple moving average is $19.96. Oaktree Specialty Lending Co. has a 1 year low of $17.99 and a 1 year high of $21.64. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.93 and a beta of 1.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Oaktree Specialty Lending had a net margin of 28.81% and a return on equity of 12.22%. The business had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $99.66 million. During the same period last year, the business posted $0.62 earnings per share. Analysts forecast that Oaktree Specialty Lending Co. will post 2.31 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 11.28%. The ex-dividend date of this dividend was Thursday, March 14th. Oaktree Specialty Lending’s payout ratio is 145.70%.

Oaktree Specialty Lending 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.