Private Management Group Inc. trimmed its position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,765,626 shares of the credit services provider’s stock after selling 27,973 shares during the period. Private Management Group Inc. owned about 3.38% of Oaktree Specialty Lending worth $24,686,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of OCSL. Legacy Bridge LLC bought a new position in Oaktree Specialty Lending in the 1st quarter worth about $28,000. Quantamental Technologies LLC bought a new position in shares of Oaktree Specialty Lending during the first quarter valued at approximately $28,000. Timber Hill LLC bought a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $72,000. Jane Street Group LLC bought a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $76,000. Finally, Two Sigma Securities LLC bought a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $100,000. Institutional investors own 48.28% of the company’s stock.
Shares of NASDAQ OCSL traded up $0.07 during midday trading on Wednesday, reaching $5.40. The company had a trading volume of 485,684 shares, compared to its average volume of 390,027. The company’s 50-day moving average is $5.48. The company has a market cap of $751.32 million, a PE ratio of 12.56, a P/E/G ratio of 5.50 and a beta of 0.53. Oaktree Specialty Lending Corp has a 1 year low of $4.08 and a 1 year high of $5.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.06 and a current ratio of 0.06.
Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $38.24 million for the quarter, compared to analyst estimates of $36.90 million. Oaktree Specialty Lending had a net margin of 102.18% and a return on equity of 7.62%. Equities analysts expect that Oaktree Specialty Lending Corp will post 0.49 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.38 annualized dividend and a yield of 7.04%. Oaktree Specialty Lending’s dividend payout ratio is presently 88.37%.
A number of research firms have recently issued reports on OCSL. Zacks Investment Research downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. National Securities reiterated a “buy” rating and set a $7.00 price objective on shares of Oaktree Specialty Lending in a research note on Monday, May 13th. ValuEngine downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, TheStreet cut shares of Oaktree Specialty Lending from a “b” rating to a “c” rating in a research report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Oaktree Specialty Lending presently has a consensus rating of “Buy” and a consensus target price of $5.88.
In other news, major shareholder Leonard M. Tannenbaum sold 26,281 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $5.30, for a total value of $139,289.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Leonard M. Tannenbaum sold 101,101 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $5.30, for a total transaction of $535,835.30. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 7,000 shares of company stock worth $38,200 and have sold 1,346,911 shares worth $7,383,534. 0.16% of the stock is currently owned by company insiders.
Oaktree Specialty Lending 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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