Oaktree Specialty Lending Corp (OCSL) COO Mathew Pendo Buys 4,950 Shares
Oaktree Specialty Lending Corp (NASDAQ:OCSL) COO Mathew Pendo purchased 4,950 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $4.32 per share, with a total value of $21,384.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Mathew Pendo also recently made the following trade(s):
- On Friday, December 15th, Mathew Pendo purchased 12,000 shares of Oaktree Specialty Lending stock. The shares were acquired at an average cost of $4.66 per share, with a total value of $55,920.00.
Shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) traded up $0.06 during midday trading on Friday, reaching $4.36. The company’s stock had a trading volume of 312,039 shares, compared to its average volume of 807,281. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The company has a market cap of $614.59, a price-to-earnings ratio of -4.00, a PEG ratio of 5.95 and a beta of 0.16. Oaktree Specialty Lending Corp has a 1-year low of $3.90 and a 1-year high of $5.91.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date is Wednesday, March 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently -45.87%.
A number of equities research analysts recently issued reports on the company. National Securities lowered Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $5.00 in a research note on Friday, December 1st. JPMorgan Chase & Co. raised Oaktree Specialty Lending from a “neutral” rating to an “overweight” rating and set a $6.00 price target for the company in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods set a $6.00 price target on Oaktree Specialty Lending and gave the stock a “hold” rating in a research note on Thursday, November 30th. BMO Capital Markets decreased their target price on Oaktree Specialty Lending from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Monday, February 12th. Finally, Zacks Investment Research raised Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus target price of $5.57.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. River Road Asset Management LLC bought a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $31,142,000. Muzinich & Co. Inc. bought a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $16,681,000. Hilton Capital Management LLC bought a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $13,128,000. Bank of Montreal Can bought a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $9,281,000. Finally, Senvest Management LLC bought a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $8,648,000. 38.50% of the stock is owned by institutional investors and hedge funds.
About Oaktree Specialty Lending
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
Receive News & Ratings for Oaktree Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.