Marshall Wace North America LP Acquires New Stake in Oaktree Specialty Lending

Marshall Wace North America L.P. bought a new position in Oaktree Specialty Lending Corp (NASDAQ:OCSL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,569 shares of the credit services provider’s stock, valued at approximately $122,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of OCSL. Belpointe Asset Management LLC acquired a new position in shares of Oaktree Specialty Lending in the 3rd quarter valued at $304,000. Morgan Stanley increased its position in shares of Oaktree Specialty Lending by 7.4% in the 3rd quarter. Morgan Stanley now owns 1,115,794 shares of the credit services provider’s stock worth $5,535,000 after purchasing an additional 76,466 shares during the last quarter. Standard Life Aberdeen plc bought a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth about $770,000. Lido Advisors LLC increased its position in shares of Oaktree Specialty Lending by 26.7% in the 3rd quarter. Lido Advisors LLC now owns 117,506 shares of the credit services provider’s stock worth $582,000 after purchasing an additional 24,777 shares during the last quarter. Finally, Muzinich & Co. Inc. increased its position in shares of Oaktree Specialty Lending by 7.8% in the 3rd quarter. Muzinich & Co. Inc. now owns 1,918,196 shares of the credit services provider’s stock worth $9,514,000 after purchasing an additional 138,411 shares during the last quarter. Institutional investors and hedge funds own 43.87% of the company’s stock.

OCSL has been the subject of a number of research analyst reports. National Securities reaffirmed a “neutral” rating and issued a $5.00 price target on shares of Oaktree Specialty Lending in a research note on Monday, December 3rd. Zacks Investment Research lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Finally, JMP Securities boosted their target price on shares of Oaktree Specialty Lending from $5.50 to $5.75 and gave the stock a “market outperform” rating in a research report on Monday, December 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.46.

Shares of NASDAQ OCSL traded down $0.02 during mid-day trading on Friday, hitting $4.48. The company’s stock had a trading volume of 149,467 shares, compared to its average volume of 288,246. Oaktree Specialty Lending Corp has a one year low of $4.08 and a one year high of $5.14. The firm has a market capitalization of $632.91 million, a PE ratio of 10.42, a price-to-earnings-growth ratio of 4.95 and a beta of 0.40. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Thursday, November 29th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The company had revenue of $38.22 million for the quarter, compared to the consensus estimate of $34.14 million. Oaktree Specialty Lending had a net margin of 33.71% and a return on equity of 7.18%. As a group, equities research analysts anticipate that Oaktree Specialty Lending Corp will post 0.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Monday, December 17th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, December 14th. This represents a $0.38 dividend on an annualized basis and a yield of 8.48%. Oaktree Specialty Lending’s payout ratio is 88.37%.

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Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, 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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