Oaktree Specialty Lending Co. (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 100,000 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $6.31, for a total transaction of $631,000.00. Following the completion of the sale, the insider now directly owns 23,022,479 shares of the company’s stock, valued at $145,271,842.49. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
OCSL stock opened at $6.49 on Thursday. Oaktree Specialty Lending Co. has a 1-year low of $3.39 and a 1-year high of $6.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market capitalization of $914.84 million, a price-to-earnings ratio of 23.18 and a beta of 1.45. The business has a 50 day simple moving average of $6.20 and a two-hundred day simple moving average of $5.56.
Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Wednesday, February 3rd. The credit services provider reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $38.20 million during the quarter, compared to the consensus estimate of $36.86 million. Oaktree Specialty Lending had a return on equity of 8.29% and a net margin of 27.40%. Sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 0.53 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Oaktree Specialty Lending from a “c-” rating to a “b-” rating in a report on Wednesday, December 9th. Zacks Investment Research downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Friday, February 5th. Finally, Hovde Group started coverage on Oaktree Specialty Lending in a research note on Friday, March 5th. They issued an “outperform” rating and a $7.25 price target for the company. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $5.63.
Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $28,000. Johnson Midwest Financial LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $32,000. Squarepoint Ops LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $91,000. Schroder Investment Management Group bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $106,000. Finally, Boston Private Wealth LLC bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $123,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.
About Oaktree Specialty Lending
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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