Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) Director Phyllis R. Caldwell bought 1,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average price of $16.01 per share, for a total transaction of $16,010.00. Following the completion of the transaction, the director now owns 13,500 shares in the company, valued at $216,135. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Oaktree Specialty Lending Stock Performance
NASDAQ:OCSL opened at $16.02 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. Oaktree Specialty Lending Co. has a 1 year low of $15.56 and a 1 year high of $21.64. The firm's fifty day simple moving average is $16.92 and its 200 day simple moving average is $18.44. The firm has a market capitalization of $1.30 billion, a PE ratio of 11.96 and a beta of 1.09.
Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 earnings per share (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 firm had revenue of $94.97 million for the quarter, compared to the consensus estimate of $99.35 million. On average, sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.24 EPS for the current year.
Oaktree Specialty Lending Announces Dividend
The #1 Crypto for AI
From Weiss Ratings | Ad
We’ve issued an urgent landmark trade alert for a new crypto wonder.
So, I decided to give you this heads-up before it’s too late.
It’s urgent because it’s what we consider “The #1 Crypto for the AI World.”
Learn more about it by watching THIS NOW.
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 given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 13.73%. The ex-dividend date is Monday, September 16th. Oaktree Specialty Lending's payout ratio is presently 164.18%.
Institutional Investors Weigh In On Oaktree Specialty Lending
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Melia Wealth LLC acquired a new position in shares of Oaktree Specialty Lending during the 1st quarter worth about $13,168,000. Cercano Management LLC acquired a new stake in shares of Oaktree Specialty Lending in the first quarter valued at about $8,659,000. Van ECK Associates Corp raised its stake in shares of Oaktree Specialty Lending by 21.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider's stock worth $35,463,000 after purchasing an additional 327,416 shares in the last quarter. TrueMark Investments LLC acquired a new stake in Oaktree Specialty Lending in the second quarter valued at $4,243,000. Finally, Significant Wealth Partners LLC grew its holdings in Oaktree Specialty Lending by 217.9% during the first quarter. Significant Wealth Partners LLC now owns 204,075 shares of the credit services provider's stock worth $4,012,000 after purchasing an additional 139,881 shares during the period. Institutional investors own 36.79% of the company's stock.
Analyst Ratings Changes
OCSL has been the subject of a number of research analyst reports. Wells Fargo & Company lowered shares of Oaktree Specialty Lending from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $18.00 to $17.00 in a research note on Monday, August 26th. StockNews.com downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, August 5th. JMP Securities lowered their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set a "market outperform" rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their target price 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. Finally, Oppenheimer downgraded Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $20.00 to $18.00 in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.25.
Read Our Latest Analysis on OCSL
Oaktree Specialty Lending Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
