Oaktree Specialty Lending Corp (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 178,945 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $5.68, for a total transaction of $1,016,407.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

OCSL stock opened at $5.63 on Thursday. Oaktree Specialty Lending Corp has a 52-week low of $4.08 and a 52-week high of $5.75. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $797.13 million, a PE ratio of 13.09, a PEG ratio of 5.78 and a beta of 0.58.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Oaktree Specialty Lending had a net margin of 102.18% and a return on equity of 7.62%. The business had revenue of $38.24 million for the quarter, compared to analyst estimates of $36.90 million. Equities research analysts anticipate that Oaktree Specialty Lending Corp will post 0.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.095 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 6.75%. Oaktree Specialty Lending’s dividend payout ratio is currently 88.37%.

Hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in shares of Oaktree Specialty Lending by 13.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 35,355 shares of the credit services provider’s stock valued at $145,000 after acquiring an additional 4,159 shares during the period. Bruni J V & Co. Co. grew its position in Oaktree Specialty Lending by 1.1% during the first quarter. Bruni J V & Co. Co. now owns 4,000,165 shares of the credit services provider’s stock valued at $20,721,000 after purchasing an additional 41,989 shares in the last quarter. Bayview Asset Management LLC purchased a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $10,802,000. BlackRock Inc. grew its position in Oaktree Specialty Lending by 3.6% during the third quarter. BlackRock Inc. now owns 567,992 shares of the credit services provider’s stock valued at $2,817,000 after purchasing an additional 19,532 shares in the last quarter. Finally, Private Management Group Inc. grew its position in Oaktree Specialty Lending by 0.9% during the fourth quarter. Private Management Group Inc. now owns 4,793,599 shares of the credit services provider’s stock valued at $20,277,000 after purchasing an additional 44,677 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

A number of analysts recently commented on OCSL shares. TheStreet upgraded shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. National Securities restated a “buy” rating and set a $7.00 price target on shares of Oaktree Specialty Lending in a report on Monday, May 13th. Finally, ValuEngine lowered shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.88.

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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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Insider Buying and Selling by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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