Oaktree Specialty Lending Corp (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 77,000 shares of Oaktree Specialty Lending stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $5.48, for a total value of $421,960.00. Following the transaction, the insider now directly owns 15,166,858 shares of the company’s stock, valued at $83,114,381.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Oaktree Specialty Lending stock remained flat at $$5.49 during mid-day trading on Friday. The company’s stock had a trading volume of 700,534 shares, compared to its average volume of 523,491. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a 50-day moving average price of $5.36 and a 200 day moving average price of $5.26. The firm has a market cap of $773.88 million, a P/E ratio of 11.44, a P/E/G ratio of 5.71 and a beta of 0.51. Oaktree Specialty Lending Corp has a one year low of $4.41 and a one year high of $5.75.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Wednesday, November 20th. The credit services provider reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $34.51 million during the quarter, compared to the consensus estimate of $36.08 million. Oaktree Specialty Lending had a return on equity of 7.43% and a net margin of 85.42%. Analysts forecast that Oaktree Specialty Lending Corp will post 0.48 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 6.92%. The ex-dividend date was Thursday, December 12th. Oaktree Specialty Lending’s payout ratio is 79.17%.

Several equities analysts have weighed in on OCSL shares. TheStreet downgraded Oaktree Specialty Lending from a “b” rating to a “c+” rating in a research report on Monday, December 16th. Jefferies Financial Group started coverage on Oaktree Specialty Lending in a research report on Thursday, October 10th. They set a “buy” rating and a $6.50 price target for the company. ValuEngine downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research downgraded Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Oaktree Specialty Lending presently has a consensus rating of “Hold” and a consensus price target of $6.50.

A number of institutional investors have recently added to or reduced their stakes in OCSL. JPMorgan Chase & Co. increased its position in Oaktree Specialty Lending by 382.2% during the second quarter. JPMorgan Chase & Co. now owns 215,136 shares of the credit services provider’s stock worth $1,157,000 after buying an additional 170,516 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of Oaktree Specialty Lending in the second quarter valued at $108,000. Parametric Portfolio Associates LLC grew its position in shares of Oaktree Specialty Lending by 43.6% in the second quarter. Parametric Portfolio Associates LLC now owns 36,253 shares of the credit services provider’s stock valued at $196,000 after purchasing an additional 11,006 shares during the period. Eagle Global Advisors LLC purchased a new stake in shares of Oaktree Specialty Lending in the second quarter valued at $447,000. Finally, Virtus ETF Advisers LLC purchased a new stake in shares of Oaktree Specialty Lending in the second quarter valued at $2,797,000. 50.14% of the stock is owned by institutional investors.

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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