Atria Wealth Solutions Inc. Has $279,000 Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Atria Wealth Solutions Inc. trimmed its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,282 shares of the credit services provider’s stock after selling 1,445 shares during the period. Atria Wealth Solutions Inc.’s holdings in Oaktree Specialty Lending were worth $279,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC bought a new stake in shares of Oaktree Specialty Lending during the third quarter worth approximately $2,849,000. Barclays PLC increased its stake in Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock valued at $1,725,000 after purchasing an additional 2,140 shares in the last quarter. Stifel Financial Corp increased its stake in Oaktree Specialty Lending by 21.2% in the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock valued at $885,000 after purchasing an additional 9,495 shares in the last quarter. Private Management Group Inc. increased its stake in Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after purchasing an additional 672,561 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new stake in Oaktree Specialty Lending in the third quarter valued at approximately $6,598,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on OCSL. Oppenheimer reaffirmed a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Citizens Jmp downgraded shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. JMP Securities downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Up 0.9 %

Shares of OCSL stock opened at $16.12 on Friday. Oaktree Specialty Lending Co. has a 12-month low of $14.89 and a 12-month high of $20.01. The firm has a fifty day moving average of $15.57 and a 200-day moving average of $16.03. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 24.06 and a beta of 1.08. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63.

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

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.93%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending’s payout ratio is 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.