TrueMark Investments LLC Increases Stock Position in Oaktree Specialty Lending Corp. $OCSL

TrueMark Investments LLC grew its stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 288.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,344 shares of the credit services provider’s stock after buying an additional 61,872 shares during the period. TrueMark Investments LLC owned approximately 0.09% of Oaktree Specialty Lending worth $1,062,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OCSL. Stonegate Investment Group LLC lifted its holdings in shares of Oaktree Specialty Lending by 5.6% during the 3rd quarter. Stonegate Investment Group LLC now owns 15,171 shares of the credit services provider’s stock worth $198,000 after acquiring an additional 800 shares during the last quarter. MRP Capital Investments LLC raised its position in Oaktree Specialty Lending by 8.3% during the second quarter. MRP Capital Investments LLC now owns 11,578 shares of the credit services provider’s stock valued at $158,000 after purchasing an additional 891 shares in the last quarter. Creative Planning raised its position in Oaktree Specialty Lending by 1.9% during the second quarter. Creative Planning now owns 53,128 shares of the credit services provider’s stock valued at $726,000 after purchasing an additional 996 shares in the last quarter. Close Asset Management Ltd lifted its stake in Oaktree Specialty Lending by 19.4% during the third quarter. Close Asset Management Ltd now owns 7,400 shares of the credit services provider’s stock worth $97,000 after purchasing an additional 1,200 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Oaktree Specialty Lending by 11.9% during the third quarter. SG Americas Securities LLC now owns 11,940 shares of the credit services provider’s stock worth $156,000 after purchasing an additional 1,265 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $10.94 on Monday. The business has a 50-day moving average of $11.84 and a 200 day moving average of $12.76. 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 Corp. has a 1-year low of $10.63 and a 1-year high of $15.69. The stock has a market capitalization of $963.66 million, a PE ratio of 30.39 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The firm had revenue of $74.48 million during the quarter, compared to the consensus estimate of $75.72 million. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, sell-side analysts anticipate that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.60 annualized dividend and a yield of 14.6%. Oaktree Specialty Lending’s dividend payout ratio is presently 444.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OCSL. Wall Street Zen lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Lucid Cap Mkts raised Oaktree Specialty Lending to a “hold” rating in a research note on Monday, December 15th. Zacks Research cut shares of Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. decreased their price target on shares of 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, Weiss Ratings lowered shares of Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Oaktree Specialty Lending currently has a consensus rating of “Reduce” and a consensus target price of $12.88.

Insider Transactions at Oaktree Specialty Lending

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

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.