Oaktree Specialty Lending Co. (NASDAQ:OCSL) Director Purchases $199,943.10 in Stock

Oaktree Specialty Lending Co. (NASDAQ:OCSL) Director Craig A. Jacobson purchased 14,910 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $13.41 per share, with a total value of $199,943.10. Following the transaction, the director now owns 71,667 shares in the company, valued at $961,054.47. This trade represents a 26.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Oaktree Specialty Lending Trading Up 0.8 %

OCSL stock opened at $13.77 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a 52-week low of $12.50 and a 52-week high of $19.80. The company’s 50-day simple moving average is $14.67 and its 200-day simple moving average is $15.39. The firm has a market cap of $1.21 billion, a P/E ratio of 20.55 and a beta of 0.74.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). The business had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. During the same period in the previous year, the company earned $0.56 earnings per share. As a group, equities analysts forecast that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.62%. Oaktree Specialty Lending’s dividend payout ratio is currently 1,230.77%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Finally, StockNews.com downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Management Group Inc. lifted its position in shares of Oaktree Specialty Lending by 2.6% in the first quarter. Private Management Group Inc. now owns 2,185,006 shares of the credit services provider’s stock valued at $33,562,000 after acquiring an additional 55,804 shares in the last quarter. Van ECK Associates Corp boosted its stake in Oaktree Specialty Lending by 3.5% during the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider’s stock worth $32,006,000 after purchasing an additional 71,808 shares during the last quarter. Bruni J V & Co. Co. grew its holdings in shares of Oaktree Specialty Lending by 26.0% during the fourth quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider’s stock worth $29,483,000 after buying an additional 398,241 shares in the last quarter. Claret Asset Management Corp raised its position in shares of Oaktree Specialty Lending by 0.9% in the fourth quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider’s stock valued at $22,846,000 after buying an additional 13,949 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $18,109,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

About Oaktree Specialty Lending

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.