Raymond James Financial Inc. Makes New Investment in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Raymond James Financial Inc. bought a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the 4th quarter, Holdings Channel reports. The firm bought 45,880 shares of the credit services provider’s stock, valued at approximately $701,000.

Other large investors also recently made changes to their positions in the company. Confluence Investment Management LLC grew its holdings in Oaktree Specialty Lending by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock valued at $1,993,000 after buying an additional 689 shares in the last quarter. Mandatum Life Insurance Co Ltd grew its stake in shares of Oaktree Specialty Lending by 2.3% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock valued at $564,000 after acquiring an additional 830 shares in the last quarter. Barclays PLC increased its position in Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock worth $1,725,000 after acquiring an additional 2,140 shares during the period. Entropy Technologies LP raised its stake in Oaktree Specialty Lending by 7.0% in the 4th quarter. Entropy Technologies LP now owns 35,851 shares of the credit services provider’s stock worth $548,000 after purchasing an additional 2,350 shares in the last quarter. Finally, Canton Hathaway LLC bought a new stake in Oaktree Specialty Lending in the 4th quarter valued at about $44,000. Institutional investors own 36.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on OCSL shares. B. Riley cut 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 upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ:OCSL opened at $13.89 on Friday. Oaktree Specialty Lending Co. has a 1 year low of $13.79 and a 1 year high of $19.95. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 20.73 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. The company’s 50 day simple moving average is $15.72 and its 200 day simple moving average is $15.83.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The company had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. During the same quarter last year, the company posted $0.57 EPS. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, research analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.52%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 238.81%.

Oaktree Specialty Lending 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.