75,569 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Purchased by Everpar Advisors LLC

Everpar Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 75,569 shares of the credit services provider’s stock, valued at approximately $1,543,000. Oaktree Specialty Lending comprises 0.7% of Everpar Advisors LLC’s portfolio, making the stock its 23rd largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Trinity Financial Advisors LLC raised its stake in shares of Oaktree Specialty Lending by 106.2% during the fourth quarter. Trinity Financial Advisors LLC now owns 484,890 shares of the credit services provider’s stock worth $9,901,000 after purchasing an additional 249,714 shares during the last quarter. Advisors Capital Management LLC purchased a new position in Oaktree Specialty Lending during the 3rd quarter worth $4,626,000. Van ECK Associates Corp lifted its stake in shares of Oaktree Specialty Lending by 10.8% in the 4th quarter. Van ECK Associates Corp now owns 1,415,358 shares of the credit services provider’s stock worth $28,902,000 after acquiring an additional 137,929 shares during the period. Black Swift Group LLC purchased a new stake in shares of Oaktree Specialty Lending in the third quarter valued at about $2,309,000. Finally, LSV Asset Management increased its position in Oaktree Specialty Lending by 6.2% during the 3rd quarter. LSV Asset Management now owns 1,137,333 shares of the credit services provider’s stock worth $22,883,000 after purchasing an additional 66,066 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Down 0.3 %

Shares of OCSL stock traded down $0.05 on Wednesday, reaching $19.13. 353,601 shares of the stock were exchanged, compared to its average volume of 646,944. The firm has a 50 day moving average of $19.48 and a two-hundred day moving average of $19.95. Oaktree Specialty Lending Co. has a 1-year low of $18.15 and a 1-year high of $21.64. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.56 billion, a P/E ratio of 14.31 and a beta of 1.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). The company had revenue of $94.03 million for the quarter, compared to analyst estimates of $99.66 million. Oaktree Specialty Lending had a return on equity of 12.16% and a net margin of 25.90%. During the same period last year, the firm posted $0.62 earnings per share. On average, research analysts anticipate that Oaktree Specialty Lending Co. will post 2.28 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 11.50%. The ex-dividend date of this dividend is Friday, June 14th. Oaktree Specialty Lending’s dividend payout ratio is currently 164.18%.

Insider Buying and Selling at Oaktree Specialty Lending

In other news, Director Phyllis R. Caldwell bought 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $20.07 per share, for a total transaction of $40,140.00. Following the transaction, the director now owns 11,166 shares in the company, valued at $224,101.62. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OCSL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Wells Fargo & Company raised their price target on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $22.00 to $19.00 in a research note on Friday, February 2nd. Finally, JMP Securities reissued a “market outperform” rating and issued a $21.00 price target on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.67.

About Oaktree Specialty Lending

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.