Janney Montgomery Scott LLC lessened its position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 35.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,217 shares of the credit services provider’s stock after selling 7,926 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Oaktree Specialty Lending were worth $46,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $69,000. Victory Capital Management Inc. lifted its stake in shares of Oaktree Specialty Lending by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 23,243 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 2,177 shares during the period. Menlo Advisors LLC acquired a new position in Oaktree Specialty Lending in the first quarter valued at about $131,000. Marshall Wace North America L.P. acquired a new position in Oaktree Specialty Lending in the fourth quarter valued at about $151,000. Finally, First Foundation Advisors acquired a new position in Oaktree Specialty Lending in the fourth quarter valued at about $165,000. 52.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Oaktree Specialty Lending stock opened at $4.33 on Friday. Oaktree Specialty Lending Corp has a 1 year low of $2.33 and a 1 year high of $5.65. The business has a 50-day moving average of $3.87 and a two-hundred day moving average of $4.77. The company has a market capitalization of $608.95 million, a P/E ratio of -5.22 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.22 and a quick ratio of 0.22.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Thursday, May 7th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Oaktree Specialty Lending had a positive return on equity of 7.88% and a negative net margin of 86.32%. The company had revenue of $34.17 million during the quarter, compared to the consensus estimate of $32.49 million. On average, equities analysts anticipate that Oaktree Specialty Lending Corp will post 0.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, June 12th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.78%. Oaktree Specialty Lending’s payout ratio is presently 79.17%.

Several equities analysts have weighed in on OCSL shares. Deutsche Bank cut their target price on Oaktree Specialty Lending from $6.25 to $4.75 and set a “buy” rating on the stock in a research note on Monday, May 11th. ValuEngine lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Zacks Investment Research raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Friday, March 27th. BidaskClub raised Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Finally, Keefe, Bruyette & Woods increased their target price on Oaktree Specialty Lending from $4.50 to $4.75 and gave the company an “outperform” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Oaktree Specialty Lending currently has a consensus rating of “Buy” and an average target price of $5.46.

In other news, Director Craig A. Jacobson acquired 25,705 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $3.92 per share, for a total transaction of $100,763.60. Following the completion of the acquisition, the director now owns 96,305 shares in the company, valued at $377,515.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mathew Pendo acquired 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average price of $4.55 per share, with a total value of $29,575.00. Following the completion of the acquisition, the chief operating officer now owns 31,540 shares of the company’s stock, valued at approximately $143,507. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 46,205 shares of company stock valued at $197,539. 0.19% of the stock is owned by corporate insiders.

Oaktree Specialty Lending Company 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.

Further Reading: Technical Analysis

Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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