Oaktree Specialty Lending Corp (OCSL) Major Shareholder Sells $1,016,407.60 in Stock
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.
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.
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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