Triad Investment Management Takes $2.56 Million Position in Oaktree Specialty Lending Corp. $OCSL

Triad Investment Management purchased a new stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 200,853 shares of the credit services provider’s stock, valued at approximately $2,559,000. Oaktree Specialty Lending makes up approximately 2.6% of Triad Investment Management’s investment portfolio, making the stock its 19th biggest position. Triad Investment Management owned about 0.23% of Oaktree Specialty Lending as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in Oaktree Specialty Lending during the third quarter valued at $42,000. State of Alaska Department of Revenue purchased a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth about $51,000. Tower Research Capital LLC TRC grew its position in shares of Oaktree Specialty Lending by 1,025.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,163 shares of the credit services provider’s stock worth $57,000 after buying an additional 3,793 shares during the period. Spire Wealth Management increased its stake in shares of Oaktree Specialty Lending by 39.4% in the 3rd quarter. Spire Wealth Management now owns 6,010 shares of the credit services provider’s stock worth $78,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Close Asset Management Ltd lifted its position in Oaktree Specialty Lending by 19.4% during the 3rd quarter. Close Asset Management Ltd now owns 7,400 shares of the credit services provider’s stock valued at $97,000 after acquiring an additional 1,200 shares during the period. 36.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock opened at $11.19 on Thursday. Oaktree Specialty Lending Corp. has a 1 year low of $10.63 and a 1 year high of $15.41. The firm’s 50-day moving average is $11.74 and its 200 day moving average is $12.72. The stock has a market cap of $985.68 million, a price-to-earnings ratio of 31.08 and a beta of 0.52. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.16 and a quick ratio of 0.16.

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

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 14.3%. The ex-dividend date was Monday, March 16th. Oaktree Specialty Lending’s payout ratio is presently 444.44%.

Insider Transactions at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell acquired 2,500 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $10.77 per share, with a total value of $26,925.00. Following the transaction, the director owned 23,500 shares of the company’s stock, valued at $253,095. The trade was a 11.90% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

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.