Oaktree Specialty Lending Corp (NASDAQ:OCSL) Director Marc Gamsin bought 35,000 shares of Oaktree Specialty Lending stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $4.39 per share, with a total value of $153,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Oaktree Specialty Lending Corp (OCSL) traded down $0.04 during midday trading on Wednesday, hitting $4.43. 698,651 shares of the company were exchanged, compared to its average volume of 932,716. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. Oaktree Specialty Lending Corp has a twelve month low of $3.90 and a twelve month high of $5.91. The company has a market cap of $620.93, a P/E ratio of -4.06, a P/E/G ratio of 6.01 and a beta of 0.03.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Thursday, February 8th. The credit services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Oaktree Specialty Lending had a positive return on equity of 6.74% and a negative net margin of 95.68%. The business had revenue of $33.88 million during the quarter, compared to the consensus estimate of $35.00 million. analysts forecast that Oaktree Specialty Lending Corp will post 0.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.085 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 7.67%. Oaktree Specialty Lending’s payout ratio is currently -45.87%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $109,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $114,000. Radcliffe Capital Management L.P. bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $124,000. Hillsdale Investment Management Inc. bought a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth approximately $129,000. Finally, Advisor Group Inc. bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $133,000. Institutional investors and hedge funds own 35.87% of the company’s stock.

OCSL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Oaktree Specialty Lending from a “neutral” rating to an “overweight” rating and set a $6.00 price target on the stock in a research report on Tuesday, February 6th. BMO Capital Markets restated a “hold” rating and set a $5.00 price target on shares of Oaktree Specialty Lending in a research report on Monday, January 8th. National Securities downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $5.00 in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday, November 7th. Finally, Keefe, Bruyette & Woods set a $5.00 price target on shares of Oaktree Specialty Lending and gave the stock a “hold” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Oaktree Specialty Lending currently has an average rating of “Hold” and an average target price of $5.50.

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About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.

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

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