Gabelli Funds LLC raised its holdings in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 2.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 357,914 shares of the credit services provider’s stock after acquiring an additional 7,573 shares during the quarter. Gabelli Funds LLC’s holdings in Oaktree Specialty Lending were worth $1,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Management Group Inc. increased its position in shares of Oaktree Specialty Lending by 0.9% during the fourth quarter. Private Management Group Inc. now owns 4,793,599 shares of the credit services provider’s stock worth $20,277,000 after buying an additional 44,677 shares during the period. Bruni J V & Co. Co. increased its position in shares of Oaktree Specialty Lending by 28.3% during the fourth quarter. Bruni J V & Co. Co. now owns 3,958,176 shares of the credit services provider’s stock worth $16,743,000 after buying an additional 872,638 shares during the period. Bayview Asset Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $10,802,000. LSV Asset Management increased its position in shares of Oaktree Specialty Lending by 8.3% during the fourth quarter. LSV Asset Management now owns 1,950,707 shares of the credit services provider’s stock worth $8,251,000 after buying an additional 148,874 shares during the period. Finally, Investment Management of Virginia LLC increased its position in shares of Oaktree Specialty Lending by 1.1% during the first quarter. Investment Management of Virginia LLC now owns 1,273,133 shares of the credit services provider’s stock worth $6,594,000 after buying an additional 13,460 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Oaktree Specialty Lending stock opened at $5.53 on Thursday. Oaktree Specialty Lending Corp has a 1-year low of $4.08 and a 1-year high of $5.58. The firm has a market capitalization of $786.56 million, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 5.61 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.06 and a current ratio of 0.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Oaktree Specialty Lending had a net margin of 102.18% and a return on equity of 7.62%. The firm had revenue of $38.24 million for the quarter, compared to analyst estimates of $36.90 million. Equities research analysts predict that Oaktree Specialty Lending Corp will post 0.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Thursday, June 13th. Oaktree Specialty Lending’s payout ratio is currently 88.37%.

In related news, major shareholder Leonard M. Tannenbaum sold 149,700 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $5.48, for a total transaction of $820,356.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 364,900 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $5.45, for a total transaction of $1,988,705.00. The disclosure for this sale can be found here. Insiders have sold 795,243 shares of company stock worth $4,290,338 over the last three months. 0.17% of the stock is owned by insiders.

Several equities research analysts have recently weighed in on OCSL shares. TheStreet upgraded shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research report on Monday, February 4th. ValuEngine raised shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. National Securities raised shares of Oaktree Specialty Lending from a “neutral” rating to a “buy” rating and raised their price objective for the company from $5.00 to $7.00 in a research note on Thursday, February 7th. Finally, Zacks Investment Research raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Oaktree Specialty Lending currently has an average rating of “Buy” and a consensus target price of $5.88.

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About Oaktree Specialty Lending

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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