CIBC World Markets Inc. lessened its position in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 13.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,389 shares of the credit services provider’s stock after selling 3,952 shares during the quarter. CIBC World Markets Inc.’s holdings in Oaktree Specialty Lending were worth $132,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in OCSL. Legacy Bridge LLC bought a new position in shares of Oaktree Specialty Lending during the 1st quarter worth about $28,000. Quantamental Technologies LLC bought a new position in shares of Oaktree Specialty Lending during the 1st quarter worth about $28,000. Timber Hill LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter worth about $72,000. Jane Street Group LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter worth about $76,000. Finally, Two Sigma Securities LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter worth about $100,000. Hedge funds and other institutional investors own 48.28% of the company’s stock.
Several research analysts have recently issued reports on OCSL shares. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Wednesday, March 20th. TheStreet downgraded shares of Oaktree Specialty Lending from a “b” rating to a “c” rating in a report on Friday, March 22nd. ValuEngine downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, National Securities restated a “buy” rating and set a $7.00 price objective on shares of Oaktree Specialty Lending in a report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $5.88.
In other news, major shareholder Leonard M. Tannenbaum sold 48,700 shares of Oaktree Specialty Lending stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $5.64, for a total transaction of $274,668.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 26,281 shares of Oaktree Specialty Lending stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $5.30, for a total transaction of $139,289.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,061,435 shares of company stock worth $5,834,726. 0.16% of the stock is owned by company insiders.
Shares of Oaktree Specialty Lending stock opened at $5.44 on Thursday. The company has a current ratio of 0.06, a quick ratio of 0.06 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 stock has a market cap of $768.24 million, a PE ratio of 12.65, a price-to-earnings-growth ratio of 5.56 and a beta of 0.53.
Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Wednesday, May 8th. The credit services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Oaktree Specialty Lending had a net margin of 102.18% and a return on equity of 7.62%. The business had revenue of $38.24 million for the quarter, compared to analyst estimates of $36.90 million. Research analysts forecast that Oaktree Specialty Lending Corp will post 0.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 dividend yield of 6.99%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 88.37%.
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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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