Oaktree Specialty Lending Co. (NASDAQ: OCSL) major shareholder Leonard M. Tannenbaum sold 5,000 shares of the company in a trade on Thursday, December 2. The stock was sold for an average price of $ 7.50, for a total trade of $ 37,500.00. The transaction was disclosed in a file with the SEC, which can be accessed through this link. Large shareholders who own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Actions of OCSL traded up $ 0.04 during trading hours on Monday, reaching $ 7.44. The company had a trading volume of 636,267 shares, compared to its average volume of 779,314. The company has a market capitalization of $ 1.34 billion, a price / earnings ratio of 4.89, a PEG ratio of 0.93 and a beta of 1.40. The company has a fifty-day moving average of $ 7.34 and a 200-day moving average of $ 7.08. Oaktree Specialty Lending Co. has a 12 month low of $ 5.44 and a 12 month high of $ 7.62. The company has a quick ratio of 0.09, a current ratio of 0.09, and a debt ratio of 0.49.
Oaktree Specialty Lending (NASDAQ: OCSL) last released its quarterly results on Tuesday, November 16. The credit services provider reported EPS of $ 0.16 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.15 of $ 0.01. Oaktree Specialty Lending had a net margin of 113.31% and a return on equity of 8.51%. During the same period of the previous year, the company achieved EPS of $ 0.17. On average, stock analysts expect Oaktree Specialty Lending Co. to have 0.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 31. Investors of record on Wednesday, December 15 will receive a dividend of $ 0.155. The ex-dividend date for this dividend is Tuesday, December 14. This is an increase from Oaktree Specialty Lending’s previous quarterly dividend of $ 0.15. This represents an annualized dividend of $ 0.62 and a dividend yield of 8.33%. Oaktree Specialty Lending’s dividend payout ratio is 38.16%.
Several research firms have published reports on OCSL. JMP Securities raised its price target for Oaktree Specialty Lending shares from $ 8.00 to $ 8.50 and gave the stock a rating of “outperforming the market” in a research report released on Wednesday 17th November. Zacks investment research raised Oaktree Specialty Lending shares from a “hold” rating to a “buy” rating and set a price target of $ 8.25 on the stock in a research report Thursday. Four analysts rated the stock with a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $ 7.88.
Hedge funds have recently increased or reduced their holdings in the stock. Newbridge Financial Services Group Inc. increased its stake in Oaktree Specialty Lending by 56.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 4,174 shares of the credit services provider valued at $ 29,000 after purchasing an additional 1,500 shares in the last quarter. Truist Financial Corp increased its stake in Oaktree Specialty Lending by 1.7% during the third quarter. Truist Financial Corp now owns 93,873 shares of the credit service provider valued at $ 662,000 after purchasing an additional 1,536 shares in the last quarter. Stifel Financial Corp increased its stake in Oaktree Specialty Lending by 2.7% in the second quarter. Stifel Financial Corp now owns 69,102 shares of the credit service provider valued at $ 462,000 after purchasing an additional 1,841 shares in the last quarter. Shelton Capital Management increased its stake in Oaktree Specialty Lending by 5.9% during the second quarter. Shelton Capital Management now owns 39,268 shares of the credit services provider valued at $ 263,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Oaktree Specialty Lending by 6.6% during the second quarter. Great West Life Assurance Co. Can now owns 38,887 shares of the credit service provider valued at $ 260,000 after purchasing 2,416 additional shares in the last quarter. Institutional investors and hedge funds hold 68.71% of the company’s shares.
About Oaktree Specialty Loans
Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to growing private, small and medium-sized businesses. While fostering growth is our primary mission, a singular goal guides all of our partnering activities for success.
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