Triad Investment Management Reduces Position in Oaktree Specialty Lending Corp. $OCSL

Triad Investment Management decreased its position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 55.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 88,563 shares of the credit services provider’s stock after selling 108,767 shares during the period. Oaktree Specialty Lending comprises approximately 1.2% of Triad Investment Management’s portfolio, making the stock its 26th biggest holding. Triad Investment Management’s holdings in Oaktree Specialty Lending were worth $1,057,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Private Management Group Inc. raised its holdings in Oaktree Specialty Lending by 4.0% during the 2nd quarter. Private Management Group Inc. now owns 3,869,484 shares of the credit services provider’s stock valued at $46,202,000 after buying an additional 147,990 shares during the last quarter. Bruni J V & Co. Co. increased its position in shares of Oaktree Specialty Lending by 0.3% in the fourth quarter. Bruni J V & Co. Co. now owns 2,495,710 shares of the credit services provider’s stock valued at $31,795,000 after acquiring an additional 8,691 shares during the period. Van ECK Associates Corp increased its position in shares of Oaktree Specialty Lending by 28.9% in the second quarter. Van ECK Associates Corp now owns 2,195,651 shares of the credit services provider’s stock valued at $26,216,000 after acquiring an additional 492,070 shares during the period. UBS Group AG raised its stake in shares of Oaktree Specialty Lending by 47.5% during 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 acquiring an additional 429,303 shares during the last quarter. Finally, Rivernorth Capital Management LLC raised its stake in shares of Oaktree Specialty Lending by 1.0% during the first quarter. Rivernorth Capital Management LLC now owns 1,279,906 shares of the credit services provider’s stock valued at $14,463,000 after acquiring an additional 12,208 shares during the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $12.66 on Thursday. Oaktree Specialty Lending Corp. has a 52 week low of $10.63 and a 52 week high of $14.31. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 26.38 and a beta of 0.50. The business has a 50-day simple moving average of $12.49 and a two-hundred day simple moving average of $12.05.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Tuesday, August 4th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $69.15 million during the quarter, compared to analyst estimates of $69.40 million. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. On average, analysts expect that Oaktree Specialty Lending Corp. will post 1.51 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 250.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OCSL shares. B. Riley Financial reiterated a “neutral” rating on shares of Oaktree Specialty Lending in a report on Friday, August 7th. Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Finally, Wall Street Zen cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Tuesday, August 25th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of “Hold” and an average target price of $11.83.

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.