Legal & General Group Plc Has $7.85 Million Holdings in Oaktree Specialty Lending Corp. $OCSL

Legal & General Group Plc boosted its holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 616,676 shares of the credit services provider’s stock after buying an additional 83,827 shares during the quarter. Legal & General Group Plc owned approximately 0.70% of Oaktree Specialty Lending worth $7,853,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OCSL. Private Management Group Inc. boosted its stake in Oaktree Specialty Lending by 25.2% in the third quarter. Private Management Group Inc. now owns 3,014,163 shares of the credit services provider’s stock valued at $39,335,000 after buying an additional 607,493 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Oaktree Specialty Lending by 298.9% in the second quarter. Balyasny Asset Management L.P. now owns 626,324 shares of the credit services provider’s stock valued at $8,556,000 after buying an additional 469,328 shares in the last quarter. UBS Group AG boosted its stake in Oaktree Specialty Lending by 47.5% in the fourth quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock valued at $16,991,000 after buying an additional 429,303 shares in the last quarter. Bruni J V & Co. Co. boosted its stake in Oaktree Specialty Lending by 12.4% in the third 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 buying an additional 274,667 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Oaktree Specialty Lending by 221.2% in the third quarter. Two Sigma Investments LP now owns 388,157 shares of the credit services provider’s stock valued at $5,065,000 after buying an additional 267,318 shares in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock opened at $11.92 on Friday. The stock’s 50 day moving average is $12.04 and its 200 day moving average is $12.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $1.05 billion, a P/E ratio of 20.91 and a beta of 0.50. Oaktree Specialty Lending Corp. has a one year low of $10.63 and a one year high of $14.77.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $69.74 million for the quarter, compared to analyst estimates of $74.35 million. Oaktree Specialty Lending had a return on equity of 9.56% and a net margin of 16.66%.During the same period in the previous year, the firm earned $0.45 earnings per share. As a group, research analysts expect that Oaktree Specialty Lending Corp. will post 1.5 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend is Monday, June 15th. Oaktree Specialty Lending’s payout ratio is currently 280.70%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wall Street Zen upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. dropped their target price on Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, March 13th. Weiss Ratings upgraded Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 15th. Finally, Oppenheimer set a $13.00 target price on Oaktree Specialty Lending in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.83.

Insider Activity at Oaktree Specialty Lending

In related news, Director Phyllis R. Caldwell acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average cost of $10.77 per share, with a total value of $26,925.00. Following the completion of the purchase, the director directly owned 23,500 shares in the company, valued at $253,095. The trade was a 11.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

About Oaktree Specialty Lending

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.