Oaktree Specialty Lending Co. (NASDAQ:OCSL) Insider Acquires $113,040.00 in Stock

Oaktree Specialty Lending Co. (NASDAQ:OCSL) insider Armen Panossian purchased 8,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $14.13 per share, with a total value of $113,040.00. Following the purchase, the insider now directly owns 20,789 shares of the company’s stock, valued at approximately $293,748.57. The trade was a 62.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $14.42 on Wednesday. Oaktree Specialty Lending Co. has a twelve month low of $12.50 and a twelve month high of $19.80. 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 capitalization of $1.27 billion, a PE ratio of 21.52 and a beta of 0.74. The firm has a fifty day simple moving average of $14.44 and a 200 day simple moving average of $15.29.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly 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). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $70.52 million during the quarter, compared to the consensus estimate of $84.67 million. During the same period last year, the firm posted $0.56 earnings per share. On average, sell-side analysts forecast that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.10%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 1,230.77%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several hedge funds and other institutional investors have recently bought and sold shares of OCSL. Balyasny Asset Management L.P. bought a new stake in Oaktree Specialty Lending in the fourth quarter valued at $18,109,000. Invesco Ltd. increased its stake in Oaktree Specialty Lending by 1,300.1% in the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider’s stock valued at $13,384,000 after purchasing an additional 813,352 shares in the last quarter. Private Management Group Inc. increased its stake in Oaktree Specialty Lending by 51.3% in the fourth quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider’s stock valued at $32,534,000 after purchasing an additional 721,629 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Oaktree Specialty Lending in the fourth quarter valued at $9,959,000. Finally, Generali Asset Management SPA SGR bought a new stake in Oaktree Specialty Lending in the fourth quarter valued at $8,225,000. 36.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OCSL. JPMorgan Chase & Co. dropped their price target on shares of 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. Keefe, Bruyette & Woods lowered their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. B. Riley started coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a “neutral” rating and a $14.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Finally, StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and an average price target of $15.83.

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.