Creative Planning Has $854,000 Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Creative Planning grew its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,376 shares of the credit services provider’s stock after acquiring an additional 4,544 shares during the quarter. Creative Planning owned 0.06% of Oaktree Specialty Lending worth $854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Security National Bank bought a new stake in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $42,000. Brown Brothers Harriman & Co. bought a new stake in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $56,000. Financial Strategies Group Inc. bought a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $197,000. ProShare Advisors LLC bought a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $210,000. Finally, Register Financial Advisors LLC raised its stake in shares of Oaktree Specialty Lending by 23.6% during the 2nd quarter. Register Financial Advisors LLC now owns 13,283 shares of the credit services provider’s stock worth $250,000 after purchasing an additional 2,540 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Up 0.2 %

OCSL stock opened at $16.34 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 18.78 and a beta of 1.09. The business’s fifty day moving average price is $16.47 and its two-hundred day moving average price is $18.15. Oaktree Specialty Lending Co. has a fifty-two week low of $15.56 and a fifty-two week high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $94.97 million for the quarter, compared to the consensus estimate of $99.35 million. Oaktree Specialty Lending had a return on equity of 12.03% and a net margin of 17.21%. On average, equities analysts anticipate that Oaktree Specialty Lending Co. will post 2.24 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 13.46%. The ex-dividend date of this dividend was Monday, September 16th. Oaktree Specialty Lending’s payout ratio is 252.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OCSL. JPMorgan Chase & Co. dropped their price objective on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a research note on Monday, July 29th. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Oppenheimer cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Friday, August 2nd. Wells Fargo & Company cut Oaktree Specialty Lending from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $18.00 to $17.00 in a research note on Monday, August 26th. Finally, B. Riley dropped their price target on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.25.

Oaktree Specialty Lending Company 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.