Smith Moore & CO. acquired a new position in Oaktree Specialty Lending Corp (NASDAQ:OCSL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 63,194 shares of the credit services provider’s stock, valued at approximately $267,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC increased its holdings in shares of Oaktree Specialty Lending by 6.0% in the 4th quarter. Arete Wealth Advisors LLC now owns 46,763 shares of the credit services provider’s stock worth $198,000 after acquiring an additional 2,660 shares during the period. Great West Life Assurance Co. Can grew its position in Oaktree Specialty Lending by 13.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 35,355 shares of the credit services provider’s stock valued at $145,000 after buying an additional 4,159 shares in the last quarter. Clear Harbor Asset Management LLC grew its position in Oaktree Specialty Lending by 11.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 125,080 shares of the credit services provider’s stock valued at $529,000 after buying an additional 13,060 shares in the last quarter. Bank of New York Mellon Corp grew its position in Oaktree Specialty Lending by 16.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 115,567 shares of the credit services provider’s stock valued at $573,000 after buying an additional 16,280 shares in the last quarter. Finally, Timber Hill LLC bought a new position in Oaktree Specialty Lending in the 4th quarter valued at about $72,000. 46.04% of the stock is currently owned by institutional investors and hedge funds.
In other Oaktree Specialty Lending news, Director Craig A. Jacobson acquired 19,160 shares of Oaktree Specialty Lending stock in a transaction dated Thursday, February 28th. The stock was bought at an average price of $5.22 per share, for a total transaction of $100,015.20. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Leonard M. Tannenbaum sold 83,820 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $5.26, for a total transaction of $440,893.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,751 shares of company stock valued at $1,728,314. Insiders own 0.17% of the company’s stock.
Shares of OCSL opened at $5.16 on Friday. The stock has a market capitalization of $731.59 million, a P/E ratio of 12.00, a P/E/G ratio of 5.37 and a beta of 0.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.25 and a quick ratio of 0.25. Oaktree Specialty Lending Corp has a 52-week low of $4.08 and a 52-week high of $5.29.
Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Thursday, February 7th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. Oaktree Specialty Lending had a net margin of 73.31% and a return on equity of 7.54%. The firm had revenue of $38.28 million during the quarter, compared to analyst estimates of $36.80 million. Equities research analysts expect that Oaktree Specialty Lending Corp will post 0.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 7.36%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 88.37%.
OCSL has been the subject of a number of recent analyst reports. National Securities reiterated a “neutral” rating and issued a $5.00 target price on shares of Oaktree Specialty Lending in a research report on Monday, December 3rd. TheStreet upgraded shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research report on Monday, February 4th. JMP Securities increased their target price on shares of Oaktree Specialty Lending from $5.50 to $5.75 and gave the company a “market outperform” rating in a research report on Monday, December 17th. ValuEngine upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, Zacks Investment Research lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $5.83.
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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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