Oaktree Specialty Lending Corp (NASDAQ:OCSL) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,350,000 shares, an increase of 14.4% from the January 15th total of 1,180,000 shares. Based on an average daily volume of 513,400 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.1% of the company’s shares are short sold.

NASDAQ OCSL traded up $0.04 during midday trading on Friday, hitting $5.40. 635,200 shares of the company traded hands, compared to its average volume of 568,200. 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 company has a market cap of $755.55 million, a PE ratio of 6.75, a price-to-earnings-growth ratio of 6.65 and a beta of 0.51. The company’s 50-day simple moving average is $5.51 and its 200-day simple moving average is $5.29. Oaktree Specialty Lending has a 52 week low of $5.00 and a 52 week high of $5.75.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Thursday, February 6th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $30.96 million for the quarter, compared to the consensus estimate of $34.68 million. Oaktree Specialty Lending had a net margin of 79.98% and a return on equity of 6.96%. On average, research analysts predict that Oaktree Specialty Lending will post 0.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.095 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.38 annualized dividend and a yield of 7.04%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 79.17%.

In related news, major shareholder Leonard M. Tannenbaum sold 198,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $5.22, for a total value of $1,036,170.00. Following the transaction, the insider now owns 15,166,858 shares of the company’s stock, valued at $79,170,998.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Mathew Pendo acquired 5,990 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $5.25 per share, for a total transaction of $31,447.50. Following the purchase, the chief operating officer now owns 25,040 shares of the company’s stock, valued at $131,460. The disclosure for this purchase can be found here. In the last three months, insiders purchased 12,990 shares of company stock worth $68,348 and sold 893,118 shares worth $4,775,167. 0.19% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth $69,000. Royal Bank of Canada boosted its position in shares of Oaktree Specialty Lending by 38.3% in the 2nd quarter. Royal Bank of Canada now owns 20,366 shares of the credit services provider’s stock worth $110,000 after purchasing an additional 5,644 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Oaktree Specialty Lending by 10.3% in the 4th quarter. Victory Capital Management Inc. now owns 23,243 shares of the credit services provider’s stock worth $127,000 after purchasing an additional 2,177 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth $151,000. Finally, First Foundation Advisors acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth $165,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on OCSL. BidaskClub cut Oaktree Specialty Lending from a “sell” rating to a “strong sell” rating in a research note on Friday, February 7th. ValuEngine raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Co raised Oaktree Specialty Lending from an “equal weight” rating to an “overweight” rating and set a $6.00 target price on the stock in a research report on Wednesday, January 15th. They noted that the move was a valuation call. TheStreet raised Oaktree Specialty Lending from a “c+” rating to a “b-” rating in a research report on Friday, January 24th. Finally, Zacks Investment Research cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.38.

About Oaktree Specialty Lending

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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