Oaktree Specialty Lending Corp (NASDAQ:OCSL) Major Shareholder Sells $119,533.50 in Stock

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Oaktree Specialty Lending Corp (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 22,725 shares of Oaktree Specialty Lending stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $5.26, for a total transaction of $119,533.50. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Oaktree Specialty Lending stock traded down $0.04 on Thursday, reaching $5.20. 13,987 shares of the stock were exchanged, compared to its average volume of 232,600. The stock has a market cap of $742.86 million, a PE ratio of 12.21, a PEG ratio of 5.45 and a beta of 0.52. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18. Oaktree Specialty Lending Corp has a twelve month low of $4.08 and a twelve month high of $5.75. The firm has a fifty day moving average price of $5.20 and a two-hundred day moving average price of $5.30.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Wednesday, August 7th. The credit services provider reported $0.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.12. The firm had revenue of $36.67 million during the quarter, compared to analyst estimates of $39.57 million. Oaktree Specialty Lending had a net margin of 96.11% and a return on equity of 7.66%. Equities analysts anticipate that Oaktree Specialty Lending Corp will post 0.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date of this dividend is Thursday, September 12th. Oaktree Specialty Lending’s dividend payout ratio is 88.37%.

Institutional investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new position in Oaktree Specialty Lending during the 2nd quarter worth $58,000. Raymond James Trust N.A. acquired a new position in Oaktree Specialty Lending during the 2nd quarter worth $62,000. Group One Trading L.P. lifted its position in Oaktree Specialty Lending by 125.8% during the 1st quarter. Group One Trading L.P. now owns 12,025 shares of the credit services provider’s stock worth $62,000 after acquiring an additional 6,700 shares during the last quarter. Almitas Capital LLC acquired a new position in Oaktree Specialty Lending during the 1st quarter worth $72,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Oaktree Specialty Lending during the 2nd quarter worth $81,000. 50.00% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on OCSL. Janney Montgomery Scott began coverage on shares of Oaktree Specialty Lending in a research note on Monday, July 29th. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, TheStreet raised shares of Oaktree Specialty Lending from a “c” rating to a “b” rating in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.25.

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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