102,600 Shares in Oaktree Specialty Lending Corp. $OCSL Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 102,600 shares of the credit services provider’s stock, valued at approximately $1,307,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Management Group Inc. boosted its stake in shares of Oaktree Specialty Lending by 25.2% during the 3rd quarter. Private Management Group Inc. now owns 3,014,163 shares of the credit services provider’s stock worth $39,335,000 after acquiring an additional 607,493 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Oaktree Specialty Lending by 298.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 626,324 shares of the credit services provider’s stock valued at $8,556,000 after purchasing an additional 469,328 shares in the last quarter. Bruni J V & Co. Co. increased its stake in shares of Oaktree Specialty Lending by 12.4% in the 3rd quarter. Bruni J V & Co. Co. now owns 2,487,019 shares of the credit services provider’s stock valued at $32,456,000 after purchasing an additional 274,667 shares in the last quarter. Two Sigma Investments LP raised its holdings in Oaktree Specialty Lending by 221.2% in the 3rd quarter. Two Sigma Investments LP now owns 388,157 shares of the credit services provider’s stock worth $5,065,000 after purchasing an additional 267,318 shares during the period. Finally, Melia Wealth LLC boosted its position in Oaktree Specialty Lending by 22.8% during the third quarter. Melia Wealth LLC now owns 1,215,842 shares of the credit services provider’s stock worth $15,867,000 after purchasing an additional 225,384 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Insider Activity

In other news, Director Phyllis R. Caldwell purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $10.77 per share, for a total transaction of $26,925.00. Following the completion of the transaction, the director owned 23,500 shares of the company’s stock, valued at $253,095. This trade represents a 11.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is owned by corporate insiders.

Oaktree Specialty Lending Stock Up 1.8%

OCSL opened at $11.39 on Friday. The company has a market cap of $1.00 billion, a PE ratio of 31.64 and a beta of 0.49. Oaktree Specialty Lending Corp. has a twelve month low of $10.63 and a twelve month high of $15.17. The company has a 50-day moving average price of $11.71 and a 200 day moving average price of $12.71. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.66.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.The company had revenue of $74.48 million for the quarter, compared to analysts’ expectations of $75.72 million. During the same period in the previous year, the firm posted $0.54 EPS. Sell-side analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.0%. Oaktree Specialty Lending’s payout ratio is currently 444.44%.

Analyst Ratings Changes

Several brokerages have commented on OCSL. Wall Street Zen lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. JPMorgan Chase & Co. reduced their target price on Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating for the company in a research note on Friday, March 13th. Zacks Research lowered Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Wells Fargo & Company dropped their price target on shares of Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Finally, Lucid Cap Mkts raised shares of Oaktree Specialty Lending to a “hold” rating in a report on Monday, December 15th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Oaktree Specialty Lending currently has a consensus rating of “Reduce” and an average target price of $12.88.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.