Oaktree Specialty Lending Corp. $OCSL Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,769 shares of the credit services provider’s stock after acquiring an additional 16,061 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Oaktree Specialty Lending were worth $3,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI lifted its stake in Oaktree Specialty Lending by 259.0% during the first quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider’s stock valued at $26,000 after buying an additional 1,220 shares in the last quarter. SVB Wealth LLC purchased a new stake in Oaktree Specialty Lending during the first quarter valued at about $26,000. Abound Wealth Management purchased a new stake in Oaktree Specialty Lending during the second quarter valued at about $35,000. PNC Financial Services Group Inc. purchased a new stake in Oaktree Specialty Lending during the first quarter valued at about $47,000. Finally, Anchor Investment Management LLC purchased a new stake in Oaktree Specialty Lending during the first quarter valued at about $49,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Oaktree Specialty Lending in a research note on Wednesday, October 8th. Zacks Research raised Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. Nine research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Oaktree Specialty Lending Price Performance

Shares of OCSL opened at $13.83 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 24.70 and a beta of 0.66. The firm’s 50 day moving average price is $13.45 and its 200 day moving average price is $13.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21. Oaktree Specialty Lending Corp. has a twelve month low of $12.44 and a twelve month high of $16.53.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). The business had revenue of $75.27 million for the quarter, compared to the consensus estimate of $79.14 million. Oaktree Specialty Lending had a net margin of 13.84% and a return on equity of 10.94%. During the same period in the previous year, the business posted $0.55 EPS. As a group, research analysts expect that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend was Monday, September 15th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 285.71%.

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.