Insider Buying: Oaktree Specialty Lending Co. (NASDAQ:OCSL) Director Acquires $16,010.00 in Stock

Oaktree Specialty Lending Co. (NASDAQ:OCSL) Director Phyllis R. Caldwell acquired 1,000 shares of Oaktree Specialty Lending stock in a transaction that occurred on Friday, September 20th. The shares were purchased at an average price of $16.01 per share, with a total value of $16,010.00. Following the purchase, the director now owns 13,500 shares in the company, valued at $216,135. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Oaktree Specialty Lending Trading Down 0.6 %

Oaktree Specialty Lending stock opened at $15.90 on Thursday. The stock has a 50-day moving average price of $16.83 and a 200 day moving average price of $18.40. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 11.87 and a beta of 1.09. Oaktree Specialty Lending Co. has a 52 week low of $15.56 and a 52 week high of $21.64. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Oaktree Specialty Lending had a net margin of 17.21% and a return on equity of 12.03%. The business had revenue of $94.97 million for the quarter, compared to analyst estimates of $99.35 million. Sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.24 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, September 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.84%. Oaktree Specialty Lending’s payout ratio is currently 164.18%.

Institutional Trading of Oaktree Specialty Lending

A number of hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in Oaktree Specialty Lending by 5.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,597 shares of the credit services provider’s stock valued at $849,000 after acquiring an additional 2,161 shares during the period. Wells Fargo & Company MN boosted its holdings in Oaktree Specialty Lending by 10.0% during the fourth quarter. Wells Fargo & Company MN now owns 328,362 shares of the credit services provider’s stock worth $6,705,000 after buying an additional 29,952 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in Oaktree Specialty Lending during the fourth quarter worth $39,000. Parallel Advisors LLC increased its holdings in Oaktree Specialty Lending by 11.2% in the fourth quarter. Parallel Advisors LLC now owns 18,050 shares of the credit services provider’s stock valued at $369,000 after buying an additional 1,825 shares in the last quarter. Finally, Claret Asset Management Corp raised its position in shares of Oaktree Specialty Lending by 2.3% in the fourth quarter. Claret Asset Management Corp now owns 1,158,902 shares of the credit services provider’s stock worth $23,665,000 after acquiring an additional 26,115 shares during the period. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OCSL shares. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods raised Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their price objective on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a report on Monday, July 29th. JMP Securities lowered their target price on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 30th. Finally, Oppenheimer lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their price target for the company from $20.00 to $18.00 in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.25.

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.