Quantbot Technologies LP Makes New Investment in Oaktree Specialty Lending Corp. $OCSL

Quantbot Technologies LP acquired a new stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 55,820 shares of the credit services provider’s stock, valued at approximately $763,000.

A number of other hedge funds also recently made changes to their positions in the business. Generali Asset Management SPA SGR boosted its holdings in shares of Oaktree Specialty Lending by 74.2% in the 2nd quarter. Generali Asset Management SPA SGR now owns 1,888,566 shares of the credit services provider’s stock worth $25,798,000 after buying an additional 804,422 shares during the last quarter. Trexquant Investment LP raised its position in Oaktree Specialty Lending by 1,321.9% in the first quarter. Trexquant Investment LP now owns 275,060 shares of the credit services provider’s stock worth $4,225,000 after acquiring an additional 255,716 shares during the period. Private Management Group Inc. boosted its stake in Oaktree Specialty Lending by 10.1% in the second quarter. Private Management Group Inc. now owns 2,406,670 shares of the credit services provider’s stock valued at $32,875,000 after acquiring an additional 221,664 shares during the last quarter. Claret Asset Management Corp grew its position in shares of Oaktree Specialty Lending by 11.8% during the 2nd quarter. Claret Asset Management Corp now owns 1,700,738 shares of the credit services provider’s stock valued at $23,232,000 after acquiring an additional 179,563 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Oaktree Specialty Lending by 34.3% during the 1st quarter. Royal Bank of Canada now owns 468,879 shares of the credit services provider’s stock worth $7,201,000 after purchasing an additional 119,775 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock opened at $13.78 on Wednesday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 35.33 and a beta of 0.52. Oaktree Specialty Lending Corp. has a one year low of $12.44 and a one year high of $16.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.20 and a quick ratio of 0.20. The business has a fifty day moving average price of $13.48 and a 200-day moving average price of $13.73.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Tuesday, November 18th. The credit services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Oaktree Specialty Lending had a return on equity of 10.31% and a net margin of 10.71%.The business had revenue of $76.87 million for the quarter, compared to analysts’ expectations of $76.51 million. During the same quarter in the prior year, the firm posted $0.45 EPS. As a group, equities research analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.60 annualized dividend and a yield of 11.6%. Oaktree Specialty Lending’s payout ratio is currently 410.26%.

Analyst Ratings Changes

OCSL has been the subject of several research reports. Zacks Research raised Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Thursday, October 9th. Weiss Ratings upgraded Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.25.

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.