Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Rating) Director Phyllis R. Caldwell purchased 5,000 shares of the company in a trade on Wednesday, May 11. The stock was purchased at an average price of $7.04 per share, with a total value of $35,200.00. Following the completion of the acquisition, the administrator now owns 7,700 shares of the company, valued at $54,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.
Shares of Oaktree Specialty Lending rose $0.11 during Friday trading hours, hitting $7.05. The company’s stock had a trading volume of 2,661,076 shares, compared to its average volume of 1,129,208. Oaktree Specialty Lending Co. is at a 12-month low of $6.53 and a 12-month high $7.81 month. The company has a fifty-day moving average of $7.34 and a 200-day moving average of $7.42. The stock has a market capitalization of $1.29 billion, a price/earnings ratio of 9.13, a P/E/G ratio of 0.82 and a beta of 1.31. The company has a debt ratio of 0.47, a quick ratio of 0.09 and a current ratio of 0.09.
Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) last reported results on Thursday, May 5. The credit service provider reported earnings per share (EPS) of $0.18 for the quarter, beating the consensus estimate of $0.17 by $0.01. Oaktree Specialty Lending had a return on equity of 9.59% and a net margin of 53.18%. The company posted revenue of $64.30 million for the quarter, versus analyst estimates of $58.95 million. On average, sell-side analysts expect Oaktree Specialty Lending Co. to post earnings per share of 0.72 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $0.165 per share. This is a positive change from Oaktree Specialty Lending’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 14. This represents an annualized dividend of $0.66 and a yield of 9.36%. Oaktree Specialty Lending’s dividend payout ratio is currently 84.21%.
Institutional investors and hedge funds have recently been buying and selling stocks. Moors & Cabot Inc. acquired a new position in Oaktree Specialty Lending during Q3 worth approximately $27,000. Kistler Tiffany Companies LLC acquired a new position in Oaktree Specialty Lending during Q1 worth approximately $56,000. CIBC Asset Management Inc. acquired a new position in Oaktree Specialty Lending during Q3 worth approximately $71,000. MML Investors Services LLC acquired a new position in Oaktree Specialty Lending during Q4 worth approximately $75,000. Finally, Centiva Capital LP acquired a new stake in Oaktree Specialty Lending during Q3 for a value of approximately $79,000. 65.27% of the shares are currently held by hedge funds and other institutional investors.
Several analysts have published reports on the company. StockNews.com picked up coverage of Oaktree Specialty Lending in a Thursday, March 31 report. They issued a “hold” rating for the company. Zacks Investment Research upgraded Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a price target of $8.25 on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating and three have assigned the company a buy rating. According to MarketBeat.com, Oaktree Specialty Lending has an average rating of “Buy” and a consensus price target of $8.08.
Oaktree Specialty Loan Company Profile (Get a rating)
Oaktree Specialty Lending Corporation is a business development company specializing in middle market investments, bridge financing, first and second lien debt financing, unsecured and mezzanine loans, mezzanine debt, senior and junior secured debt , expansions, sponsor-led acquisitions, preferred stock and management buy-outs in small and medium-sized businesses.
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