Oaktree Specialty Lending Corp (NASDAQ:OCSL) Director John Frank bought 28,784 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average price of $4.74 per share, for a total transaction of $136,436.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Oaktree Specialty Lending Corp (OCSL) traded up $0.02 during midday trading on Friday, hitting $4.99. The company had a trading volume of 605,396 shares, compared to its average volume of 1,320,000. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $703.39, a PE ratio of -3.59, a price-to-earnings-growth ratio of 5.96 and a beta of 0.06. Oaktree Specialty Lending Corp has a twelve month low of $3.90 and a twelve month high of $5.91.
Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Wednesday, November 29th. The credit services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.05). The company had revenue of $35.73 million during the quarter. Oaktree Specialty Lending had a positive return on equity of 7.40% and a negative net margin of 110.68%. sell-side analysts expect that Oaktree Specialty Lending Corp will post 0.42 EPS for the current year.
Several equities analysts have recently issued reports on the company. BidaskClub upgraded Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $6.00 price target on shares of Oaktree Specialty Lending in a research report on Monday, October 16th. ValuEngine cut Oaktree Specialty Lending from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $4.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $5.75.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. acquired a new position in shares of Oaktree Specialty Lending in the 3rd quarter worth $129,000. DnB Asset Management AS acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $637,000. Finally, Confluence Investment Management LLC acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $1,520,000. Institutional investors and hedge funds own 35.06% of the company’s stock.
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Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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