Adalta Capital Management LLC Sells 20,105 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Adalta Capital Management LLC lowered its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 44.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,000 shares of the credit services provider’s stock after selling 20,105 shares during the quarter. Adalta Capital Management LLC’s holdings in Oaktree Specialty Lending were worth $382,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OCSL. ProShare Advisors LLC boosted its position in shares of Oaktree Specialty Lending by 16.6% during the fourth quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider’s stock valued at $228,000 after buying an additional 2,124 shares during the period. Millennium Management LLC purchased a new stake in Oaktree Specialty Lending in the fourth quarter worth $5,882,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $2,611,000. Brevan Howard Capital Management LP purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter valued at $483,000. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $9,959,000. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Down 0.2%

Oaktree Specialty Lending stock opened at $14.42 on Wednesday. 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 firm has a market cap of $1.27 billion, a P/E ratio of 21.52 and a beta of 0.74. The business has a fifty day moving average of $14.44 and a two-hundred day moving average of $15.29. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.80.

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

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 annualized dividend and a dividend yield of 11.10%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 1,230.77%.

Insider Activity at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, Director Craig A. Jacobson bought 14,910 shares of Oaktree Specialty Lending stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $13.41 per share, with a total value of $199,943.10. Following the transaction, the director now directly owns 71,667 shares of the company’s stock, valued at approximately $961,054.47. This represents a 26.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Armen Panossian purchased 8,000 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of $14.13 per share, with a total value of $113,040.00. Following the completion of the purchase, the insider now owns 20,789 shares of the company’s stock, valued at $293,748.57. The trade was a 62.55% increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OCSL. JPMorgan Chase & Co. lowered their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. StockNews.com lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, May 5th. Keefe, Bruyette & Woods reduced their price objective on 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. B. Riley started coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They issued a “neutral” rating and a $14.00 target price for the company. Finally, Wells Fargo & Company cut their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, Oaktree Specialty Lending has a consensus rating of “Hold” and a consensus target price of $15.83.

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.