Legal & General Group Plc lifted its position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 21.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 653,078 shares of the credit services provider’s stock after buying an additional 113,461 shares during the period. Legal & General Group Plc owned approximately 0.46% of Oaktree Specialty Lending worth $2,779,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Timber Hill LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $72,000. Jane Street Group LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $76,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $85,000. Two Sigma Securities LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $100,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Oaktree Specialty Lending during the 3rd quarter worth $122,000. Institutional investors and hedge funds own 46.09% of the company’s stock.
Shares of NASDAQ OCSL opened at $5.25 on Wednesday. Oaktree Specialty Lending Corp has a 12-month low of $4.08 and a 12-month high of $5.33. The firm has a market capitalization of $740.04 million, a P/E ratio of 12.21, a P/E/G ratio of 5.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.25 and a quick ratio of 0.25.
Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Thursday, February 7th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Oaktree Specialty Lending had a return on equity of 7.54% and a net margin of 73.31%. The firm had revenue of $38.28 million during the quarter, compared to the consensus estimate of $36.80 million. On average, analysts forecast that Oaktree Specialty Lending Corp will post 0.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.095 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.38 annualized dividend and a yield of 7.24%. Oaktree Specialty Lending’s dividend payout ratio is currently 88.37%.
OCSL has been the subject of a number of research analyst reports. TheStreet upgraded Oaktree Specialty Lending from a “c+” rating to a “b” rating in a report on Monday, February 4th. Zacks Investment Research downgraded Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine downgraded Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, National Securities upgraded Oaktree Specialty Lending from a “neutral” rating to a “buy” rating and increased their price target for the company from $5.00 to $7.00 in a report on Thursday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Oaktree Specialty Lending has an average rating of “Buy” and a consensus price target of $5.83.
In other news, Director Craig A. Jacobson acquired 19,160 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was bought at an average cost of $5.22 per share, with a total value of $100,015.20. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 91,670 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $5.25, for a total transaction of $481,267.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 456,133 shares of company stock valued at $2,403,438. 0.17% of the stock is owned by insiders.
Oaktree Specialty Lending Profile
Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.
Recommended Story: Debt-To-Equity Ratio
Want to see what other hedge funds are holding OCSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oaktree Specialty Lending Corp (NASDAQ:OCSL).
Receive News & Ratings for Oaktree Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.