Chicago Partners Investment Group LLC Sells 3,623 Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Chicago Partners Investment Group LLC reduced its position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 15.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,944 shares of the credit services provider’s stock after selling 3,623 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Oaktree Specialty Lending were worth $306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in Oaktree Specialty Lending during the first quarter worth $47,000. US Bancorp DE increased its position in Oaktree Specialty Lending by 388.9% in the first quarter. US Bancorp DE now owns 3,256 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 2,590 shares during the period. Canton Hathaway LLC increased its position in Oaktree Specialty Lending by 152.6% in the first quarter. Canton Hathaway LLC now owns 7,350 shares of the credit services provider’s stock worth $113,000 after purchasing an additional 4,440 shares during the period. Oxford Asset Management LLP acquired a new stake in Oaktree Specialty Lending in the fourth quarter worth about $178,000. Finally, REDW Wealth LLC bought a new position in Oaktree Specialty Lending during the first quarter worth about $200,000. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ OCSL opened at $13.46 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.21 and a quick ratio of 0.21. The stock’s fifty day moving average price is $14.00 and its two-hundred day moving average price is $14.61. Oaktree Specialty Lending Corp. has a one year low of $12.50 and a one year high of $17.16. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 24.04 and a beta of 0.69.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $75.27 million for the quarter, compared to the consensus estimate of $79.14 million. Oaktree Specialty Lending had a net margin of 13.84% and a return on equity of 10.94%. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, equities analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Monday, September 15th. Oaktree Specialty Lending’s dividend payout ratio is currently 285.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. B. Riley began coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a “neutral” rating and a $14.00 target price on the stock. Wells Fargo & Company dropped their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. decreased their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and an average target price of $15.00.

Insider Buying and Selling at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, insider Armen Panossian acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $14.13 per share, for a total transaction of $113,040.00. Following the transaction, the insider directly owned 20,789 shares in the company, valued at $293,748.57. This represents a 62.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.