Oaktree Specialty Lending Co. (NASDAQ: OCSL – Get a rating) Director Phyllis R. Caldwell acquired 2,500 shares of the company in a transaction that took place on Wednesday, June 29. The shares were purchased at an average price of $6.49 per share, for a total transaction of $16,225.00. Following the completion of the purchase, the administrator now owns 15,200 shares of the company, valued at approximately $98,648. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink.
The NASDAQ OCSL traded down $0.07 during Thursday’s trading, hitting $6.55. The company’s stock had a trading volume of 1,078,589 shares, compared to an average trading volume of 1,188,510 shares. The stock has a market capitalization of $1.20 billion, a PE ratio of 8.62 and a beta of 1.32. The company has a debt ratio of 0.47, a current ratio of 0.09 and a quick ratio of 0.09. The company has a fifty-day moving average of $6.90 and a 200-day moving average of $7.26. Oaktree Specialty Lending Co. has a one-year low of $6.20 and a one-year high of $7.81.
Oaktree Specialty Lending (NASDAQ:OCSL – Get a rating) last announced its results on Thursday, May 5. The credit services provider reported earnings per share of $0.18 for the quarter, beating analysts’ consensus estimate of $0.17 by $0.01. The company posted revenue of $64.30 million for the quarter, versus analyst estimates of $58.95 million. Oaktree Specialty Lending had a return on equity of 9.59% and a net margin of 53.18%. Research analysts expect Oaktree Specialty Lending Co. to post earnings per share of 0.72 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.165. This is a boost from Oaktree Specialty Lending’s previous quarterly dividend of $0.16. This represents a dividend of $0.66 on an annualized basis and a dividend yield of 10.08%. The ex-dividend date is Tuesday, June 14. Oaktree Specialty Lending’s dividend payout ratio is currently 86.84%.
Several institutional investors and hedge funds have recently bought and sold shares of OCSL. Greenwich Investment Management Inc. bought a new stock position in Oaktree Specialty Lending in Q4 for a value of approximately $18,335,000. Invesco Ltd. increased its holdings of Oaktree Specialty Lending shares by 911.0% in Q4. Invesco Ltd. now owns 1,870,776 shares of the credit service provider worth $13,956,000 after purchasing an additional 1,685,736 shares last quarter. Van ECK Associates Corp increased its holdings of Oaktree Specialty Lending shares by 48.4% in Q1. Van ECK Associates Corp now owns 3,868,924 shares of the credit service provider worth $28,514,000 after buying an additional 1,261,296 shares last quarter. Royal Bank of Canada increased its holdings of Oaktree Specialty Lending shares by 847.7% in Q1. Royal Bank of Canada now owns 691,652 shares of the credit service provider worth $5,097,000 after buying an additional 618,670 shares last quarter. Finally, Waverton Investment Management Ltd increased its holdings in Oaktree Specialty Lending shares by 37.9% in the 4th quarter. Waverton Investment Management Ltd now owns 2,025,071 shares of the credit services provider worth $15,107,000 after buying an additional 556,889 shares in the last quarter. Hedge funds and other institutional investors hold 65.27% of the company’s shares.
A number of analysts have recently released reports on OCSL’s stock. StockNews.com began covering Oaktree Specialty Lending in a research note on Thursday, March 31. They have set a “holding” rating on the stock. The Hovde Group reduced its price target on Oaktree Specialty Loans to $7.00 in a Friday May 20 research note.
Oaktree Specialty Loan Company Profile (Get a rating)
Oaktree Specialty Lending Corporation is a business development company specializing in middle market investments, bridge financing, first and second lien debt financing, unsecured and mezzanine loans, mezzanine debt, senior and junior secured debt , expansions, sponsor-led acquisitions, preferred stock and management buy-outs in small and medium-sized businesses.
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