LSV Asset Management grew its stake in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 12.0% during the first quarter, HoldingsChannel reports. The firm owned 2,185,233 shares of the credit services provider’s stock after buying an additional 234,526 shares during the quarter. LSV Asset Management’s holdings in Oaktree Specialty Lending were worth $11,319,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in shares of 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 purchasing an additional 4,159 shares in the last quarter. Bruni J V & Co. Co. boosted its position in Oaktree Specialty Lending by 1.1% during the 1st quarter. Bruni J V & Co. Co. now owns 4,000,165 shares of the credit services provider’s stock worth $20,721,000 after buying an additional 41,989 shares during the period. Bayview Asset Management LLC acquired a new stake in Oaktree Specialty Lending during the 4th quarter worth approximately $10,802,000. BlackRock Inc. boosted its position in Oaktree Specialty Lending by 3.6% during the 3rd quarter. BlackRock Inc. now owns 567,992 shares of the credit services provider’s stock worth $2,817,000 after buying an additional 19,532 shares during the period. Finally, Private Management Group Inc. boosted its position in Oaktree Specialty Lending by 0.9% during the 4th quarter. Private Management Group Inc. now owns 4,793,599 shares of the credit services provider’s stock worth $20,277,000 after buying an additional 44,677 shares during the period. Institutional investors own 48.71% of the company’s stock.
OCSL has been the topic of several recent research reports. TheStreet upgraded shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. National Securities reiterated a “buy” rating and set a $7.00 target price on shares of Oaktree Specialty Lending in a research report on Monday, May 13th. Finally, ValuEngine downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Oaktree Specialty Lending currently has a consensus rating of “Buy” and a consensus price target of $5.88.
Shares of NASDAQ OCSL opened at $5.55 on Friday. The company has a market capitalization of $782.33 million, a PE ratio of 12.91, a PEG ratio of 5.77 and a beta of 0.58. Oaktree Specialty Lending Corp has a 52-week low of $4.08 and a 52-week 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 issued its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $38.24 million for the quarter, compared to the consensus estimate of $36.90 million. Oaktree Specialty Lending had a net margin of 102.18% and a return on equity of 7.62%. On average, equities research 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. Stockholders of record on Friday, June 14th will be given a $0.095 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 6.85%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 88.37%.
In related news, Director Craig A. Jacobson acquired 19,160 shares of the 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 legal filing with the SEC, which can be accessed through this link. Also, major shareholder Leonard M. Tannenbaum sold 101,101 shares of Oaktree Specialty Lending stock in a transaction on Wednesday, April 10th. The shares were 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. Insiders sold a total of 1,061,435 shares of company stock worth $5,834,726 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.
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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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