26,646 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 26,646 shares of the credit services provider’s stock, valued at approximately $407,000.

Other institutional investors also recently modified their holdings of the company. Canton Hathaway LLC acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $44,000. Spire Wealth Management acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth about $68,000. Geneos Wealth Management Inc. acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $93,000. SG Americas Securities LLC acquired a new stake in Oaktree Specialty Lending during the 4th quarter worth $106,000. Finally, EMC Capital Management increased its holdings in 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. 36.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OCSL has been the topic of several analyst reports. B. Riley lowered shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a report on Wednesday, December 11th. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, Oaktree Specialty Lending has an average rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Trading Up 0.3 %

NASDAQ OCSL opened at $15.78 on Thursday. The business’s fifty day moving average is $15.79 and its 200 day moving average is $15.89. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $19.95. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 23.55 and a beta of 1.05.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (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 during the quarter, compared to analyst estimates of $91.93 million. During the same quarter last year, the business earned $0.57 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.14%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s payout ratio is currently 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.