Rezny Wealth Management Inc. Has $5.79 Million Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

view original post

Rezny Wealth Management Inc. lifted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Rating) by 29.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 786,278 shares of the credit services provider’s stock after buying an additional 179,624 shares during the period. Oaktree Specialty Lending comprises approximately 1.9% of Rezny Wealth Management Inc.’s investment portfolio, making the stock its 11th biggest position. Rezny Wealth Management Inc.’s holdings in Oaktree Specialty Lending were worth $5,794,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Qube Research & Technologies Ltd increased its holdings in Oaktree Specialty Lending by 37.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 159,364 shares of the credit services provider’s stock valued at $1,189,000 after purchasing an additional 43,371 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Oaktree Specialty Lending by 31.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 46,280 shares of the credit services provider’s stock valued at $345,000 after purchasing an additional 10,958 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Oaktree Specialty Lending by 60.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 91,558 shares of the credit services provider’s stock valued at $683,000 after purchasing an additional 34,581 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Oaktree Specialty Lending by 23.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,518 shares of the credit services provider’s stock valued at $190,000 after purchasing an additional 4,818 shares during the period. Finally, Nicola Wealth Management LTD. increased its holdings in Oaktree Specialty Lending by 7.4% in the fourth quarter. Nicola Wealth Management LTD. now owns 826,700 shares of the credit services provider’s stock valued at $6,187,000 after purchasing an additional 56,700 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Hovde Group decreased their price objective on Oaktree Specialty Lending to $7.00 in a report on Friday, May 20th.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock opened at $7.04 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $6.72 and a two-hundred day moving average price of $7.15. Oaktree Specialty Lending Co. has a 1-year low of $6.20 and a 1-year high of $7.81. The company has a market cap of $1.29 billion, a P/E ratio of 9.26 and a beta of 1.28.

Oaktree Specialty Lending (NASDAQ:OCSLGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The credit services provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Oaktree Specialty Lending had a return on equity of 9.59% and a net margin of 53.18%. The firm had revenue of $64.30 million during the quarter, compared to the consensus estimate of $58.95 million. As a group, analysts anticipate that Oaktree Specialty Lending Co. will post 0.72 EPS for the current year.

Oaktree Specialty Lending Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.165 per share. This is an increase from Oaktree Specialty Lending’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date of this dividend was Tuesday, June 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 86.84%.

Insiders Place Their Bets

In other Oaktree Specialty Lending news, President Mathew Pendo purchased 18,381 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was purchased at an average cost of $7.06 per share, for a total transaction of $129,769.86. Following the acquisition, the president now owns 103,591 shares in the company, valued at approximately $731,352.46. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, President Mathew Pendo acquired 18,381 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were bought at an average price of $7.06 per share, with a total value of $129,769.86. Following the transaction, the president now directly owns 103,591 shares of the company’s stock, valued at $731,352.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Phyllis R. Caldwell acquired 5,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were bought at an average cost of $6.80 per share, for a total transaction of $34,000.00. Following the transaction, the director now directly owns 12,700 shares in the company, valued at $86,360. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 30,881 shares of company stock worth $215,195. Company insiders own 0.32% of the company’s stock.

About Oaktree Specialty Lending

(Get Rating)

Oaktree Specialty Lending Corporation is a business development company 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.

Read More

Want to see what other hedge funds are holding OCSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Rating).

Receive News & Ratings for Oaktree Specialty Lending Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Oaktree Specialty Lending and related companies with MarketBeat.com’s FREE daily email newsletter.