Vista Investment Partners II LLC Makes New Investment in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Vista Investment Partners II LLC acquired a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,794 shares of the credit services provider’s stock, valued at approximately $1,051,000. Vista Investment Partners II LLC owned 0.08% of Oaktree Specialty Lending at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Canton Hathaway LLC purchased a new position in Oaktree Specialty Lending in the fourth quarter valued at about $44,000. Spire Wealth Management bought a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $68,000. Geneos Wealth Management Inc. bought a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $93,000. SG Americas Securities LLC bought a new stake in Oaktree Specialty Lending in the fourth quarter worth approximately $106,000. Finally, EMC Capital Management increased its stake in shares of 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 during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target for the company. in a research report on Wednesday, December 11th. Oppenheimer reiterated a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods cut their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Up 0.8 %

Shares of OCSL stock opened at $16.11 on Monday. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $20.01. The stock has a market cap of $1.32 billion, a P/E ratio of 24.05 and a beta of 1.05. 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 fifty day moving average price of $15.66 and a 200 day moving average price of $16.00.

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

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 9.93%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio is 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.