Financial Strategies Group Inc. Purchases New Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Financial Strategies Group Inc. purchased a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,113 shares of the credit services provider’s stock, valued at approximately $197,000.

Several other large investors have also recently added to or reduced their stakes in OCSL. Schonfeld Strategic Advisors LLC increased its holdings in Oaktree Specialty Lending by 245.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 52,900 shares of the credit services provider’s stock valued at $1,064,000 after purchasing an additional 37,600 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Oaktree Specialty Lending by 7.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 244,796 shares of the credit services provider’s stock valued at $4,925,000 after buying an additional 16,591 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Oaktree Specialty Lending by 1.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 331,320 shares of the credit services provider’s stock valued at $6,666,000 after buying an additional 4,402 shares during the last quarter. Adalta Capital Management LLC boosted its position in Oaktree Specialty Lending by 28.8% in the 3rd quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock valued at $137,000 after buying an additional 1,525 shares during the last quarter. Finally, Advisors Capital Management LLC purchased a new position in Oaktree Specialty Lending in the 3rd quarter valued at about $4,626,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ:OCSL traded up $0.06 during trading hours on Tuesday, hitting $18.74. The stock had a trading volume of 286,941 shares, compared to its average volume of 614,997. The stock’s fifty day simple moving average is $19.28 and its 200 day simple moving average is $19.81. Oaktree Specialty Lending Co. has a 1-year low of $18.41 and a 1-year high of $21.64. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 13.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.24 and a current ratio of 0.24.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. The company had revenue of $94.03 million for the quarter, compared to analyst estimates of $99.66 million. During the same quarter in the prior year, the business earned $0.62 EPS. Sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.28 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.74%. Oaktree Specialty Lending’s dividend payout ratio is presently 164.18%.

Analyst Ratings Changes

OCSL has been the subject of a number of analyst reports. JMP Securities reissued a “market outperform” rating and issued a $21.00 price objective on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. JPMorgan Chase & Co. reduced their price target on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.67.

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.