Oaktree Specialty Lending Corp (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 103,062 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $5.05, for a total transaction of $520,463.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

NASDAQ:OCSL opened at $5.08 on Wednesday. Oaktree Specialty Lending Corp has a 52 week low of $4.17 and a 52 week high of $5.91. The stock has a market cap of $711.85 million, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 6.11 and a beta of 0.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.26 and a current ratio of 0.26.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Wednesday, August 8th. The credit services provider reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Oaktree Specialty Lending had a negative net margin of 82.24% and a positive return on equity of 6.50%. The business had revenue of $31.85 million for the quarter, compared to analyst estimates of $32.43 million. equities research analysts anticipate that Oaktree Specialty Lending Corp will post 0.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Saturday, September 15th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend is Thursday, September 13th. Oaktree Specialty Lending’s dividend payout ratio is 74.51%.

A number of large investors have recently added to or reduced their stakes in the stock. Springhouse Capital Management LP grew its holdings in shares of Oaktree Specialty Lending by 0.4% during the 1st quarter. Springhouse Capital Management LP now owns 7,913,934 shares of the credit services provider’s stock valued at $33,318,000 after purchasing an additional 29,400 shares during the last quarter. River Road Asset Management LLC boosted its position in Oaktree Specialty Lending by 11.1% during the 2nd quarter. River Road Asset Management LLC now owns 6,699,306 shares of the credit services provider’s stock worth $32,023,000 after buying an additional 669,425 shares during the period. Private Management Group Inc. boosted its position in Oaktree Specialty Lending by 4.0% during the 2nd quarter. Private Management Group Inc. now owns 4,710,797 shares of the credit services provider’s stock worth $22,518,000 after buying an additional 181,673 shares during the period. Hilton Capital Management LLC boosted its position in Oaktree Specialty Lending by 3.7% during the 1st quarter. Hilton Capital Management LLC now owns 2,784,579 shares of the credit services provider’s stock worth $11,723,000 after buying an additional 99,998 shares during the period. Finally, Bruni J V & Co. Co. boosted its position in Oaktree Specialty Lending by 10.6% during the 2nd quarter. Bruni J V & Co. Co. now owns 2,171,618 shares of the credit services provider’s stock worth $10,380,000 after buying an additional 208,008 shares during the period. 42.35% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on OCSL shares. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research note on Saturday, August 11th. JMP Securities restated a “buy” rating and set a $5.50 target price on shares of Oaktree Specialty Lending in a research note on Tuesday, July 31st. ValuEngine cut shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Keefe, Bruyette & Woods set a $6.00 target price on shares of Oaktree Specialty Lending and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, BMO Capital Markets raised their target price on shares of Oaktree Specialty Lending from $4.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday, August 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.42.

Oaktree Specialty Lending Company Profile

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.

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

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