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

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

Oaktree Specialty Lending Stock Down 0.6 %

OCSL stock opened at $15.90 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $16.83 and a two-hundred day moving average of $18.40. Oaktree Specialty Lending Co. has a 12 month low of $15.56 and a 12 month high of $21.64. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 11.87 and a beta of 1.09.

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 analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $99.35 million. Oaktree Specialty Lending had a return on equity of 12.03% and a net margin of 17.21%. As a group, analysts forecast that Oaktree Specialty Lending Co. will post 2.24 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, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 13.84%. The ex-dividend date is Monday, September 16th. Oaktree Specialty Lending’s payout ratio is currently 164.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. B. Riley reduced their price objective on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research report on Monday, July 29th. Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company downgraded Oaktree Specialty Lending from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $18.00 to $17.00 in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and an average price target of $18.25.

Hedge Funds Weigh In On Oaktree Specialty Lending

Institutional investors have recently bought and sold shares of the company. Melia Wealth LLC acquired a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $13,168,000. Cercano Management LLC purchased a new position in Oaktree Specialty Lending in the first quarter worth approximately $8,659,000. Van ECK Associates Corp increased its stake in Oaktree Specialty Lending by 21.0% during the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock worth $35,463,000 after acquiring an additional 327,416 shares during the last quarter. TrueMark Investments LLC purchased a new stake in Oaktree Specialty Lending in the second quarter valued at $4,243,000. Finally, Significant Wealth Partners LLC lifted its stake in shares of Oaktree Specialty Lending by 217.9% in the 1st quarter. Significant Wealth Partners LLC now owns 204,075 shares of the credit services provider’s stock valued at $4,012,000 after purchasing an additional 139,881 shares during the last quarter. 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.