MRP Capital Investments LLC Trims Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

MRP Capital Investments LLC decreased its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 35.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,687 shares of the credit services provider’s stock after selling 5,747 shares during the period. MRP Capital Investments LLC’s holdings in Oaktree Specialty Lending were worth $163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in Oaktree Specialty Lending in the fourth quarter valued at $44,000. Spire Wealth Management acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $68,000. Geneos Wealth Management Inc. acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $93,000. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $106,000. Finally, EMC Capital Management grew its position in shares of Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock valued at $133,000 after purchasing an additional 3,026 shares during the period. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Price Performance

Shares of OCSL opened at $15.69 on Friday. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $19.95. The firm’s 50 day moving average price is $15.75 and its 200 day moving average price is $15.93. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.29 billion, a P/E ratio of 23.42 and a beta of 1.05.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $86.65 million for the quarter, compared to the consensus estimate of $91.93 million. During the same period in the prior year, the firm posted $0.57 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.20%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending’s payout ratio is 238.81%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OCSL shares. Oppenheimer reiterated a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. B. Riley lowered shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.75.

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.