Texas Capital Bank Wealth Management Services Inc Decreases Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Texas Capital Bank Wealth Management Services Inc decreased its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSLFree Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,208 shares of the credit services provider’s stock after selling 26,533 shares during the period. Texas Capital Bank Wealth Management Services Inc owned approximately 0.11% of Oaktree Specialty Lending worth $1,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV bought a new position in Oaktree Specialty Lending during the fourth quarter valued at $41,000. Bfsg LLC bought a new position in Oaktree Specialty Lending during the fourth quarter valued at $71,000. AdvisorNet Financial Inc increased its position in Oaktree Specialty Lending by 21.4% during the fourth quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 900 shares during the last quarter. Adalta Capital Management LLC increased its position in Oaktree Specialty Lending by 28.8% during the third quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock valued at $137,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new position in Oaktree Specialty Lending during the third quarter valued at $213,000. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Down 0.1 %

Shares of NASDAQ OCSL traded down $0.01 during mid-day trading on Friday, reaching $19.37. 414,605 shares of the company were exchanged, compared to its average volume of 552,551. The firm has a 50-day moving average of $19.42 and a 200 day moving average of $19.96. Oaktree Specialty Lending Co. has a 1 year low of $18.41 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 $1.58 billion, a price-to-earnings ratio of 14.46 and a beta of 1.06.

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

Oaktree Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 11.36%. The ex-dividend date is Friday, June 14th. Oaktree Specialty Lending’s payout ratio is 164.18%.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on OCSL

Oaktree Specialty Lending Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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