Oaktree Specialty Lending Corp (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 59,284 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $5.43, for a total value of $321,912.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
OCSL opened at $5.32 on Friday. Oaktree Specialty Lending Corp has a 12-month low of $4.08 and a 12-month high of $5.75. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $5.43. The company has a market cap of $755.55 million, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 5.55 and a beta of 0.52.
Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Oaktree Specialty Lending had a return on equity of 7.62% and a net margin of 102.18%. The business had revenue of $38.24 million for the quarter, compared to the consensus estimate of $36.90 million. On average, equities analysts forecast that Oaktree Specialty Lending Corp will post 0.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date of this dividend was Thursday, June 13th. Oaktree Specialty Lending’s payout ratio is 88.37%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Hilton Capital Management LLC grew its holdings in Oaktree Specialty Lending by 30.0% during the first quarter. Hilton Capital Management LLC now owns 5,040,033 shares of the credit services provider’s stock worth $26,107,000 after acquiring an additional 1,164,424 shares during the period. AJO LP acquired a new stake in Oaktree Specialty Lending in the first quarter valued at approximately $5,641,000. Millennium Management LLC grew its holdings in Oaktree Specialty Lending by 37.2% in the fourth quarter. Millennium Management LLC now owns 1,241,099 shares of the credit services provider’s stock valued at $5,250,000 after purchasing an additional 336,649 shares during the period. LSV Asset Management grew its holdings in Oaktree Specialty Lending by 12.0% in the first quarter. LSV Asset Management now owns 2,185,233 shares of the credit services provider’s stock valued at $11,319,000 after purchasing an additional 234,526 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in Oaktree Specialty Lending in the first quarter valued at approximately $1,211,000. 48.28% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on OCSL. Zacks Investment Research downgraded Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. National Securities reaffirmed a “sell” rating and issued a $4.00 price objective on shares of Prospect Capital in a research report on Monday, May 13th. TheStreet raised Vermilion Energy from a “d+” rating to a “c” rating in a research report on Friday, March 22nd. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $5.88.
Oaktree Specialty Lending Company 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.
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