Craig A. Jacobson Buys 14,910 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) Stock

Oaktree Specialty Lending Co. (NASDAQ:OCSL) Director Craig A. Jacobson purchased 14,910 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $13.41 per share, for a total transaction of $199,943.10. Following the transaction, the director now owns 71,667 shares in the company, valued at approximately $961,054.47. The trade was a 26.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Oaktree Specialty Lending Price Performance

Shares of OCSL opened at $13.77 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a fifty-two week low of $12.50 and a fifty-two week high of $19.80. The company has a market cap of $1.21 billion, a P/E ratio of 20.55 and a beta of 0.74. The firm’s 50 day moving average price is $14.67 and its 200 day moving average price is $15.39.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. On average, research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.62%. Oaktree Specialty Lending’s payout ratio is 1,230.77%.

Institutional Trading of Oaktree Specialty Lending

Hedge funds have recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $44,000. PNC Financial Services Group Inc. purchased a new position in Oaktree Specialty Lending in the first quarter valued at $47,000. US Bancorp DE raised its stake in Oaktree Specialty Lending by 388.9% in the first quarter. US Bancorp DE now owns 3,256 shares of the credit services provider’s stock valued at $50,000 after buying an additional 2,590 shares in the last quarter. Spire Wealth Management purchased a new stake in Oaktree Specialty Lending during the 4th quarter worth about $68,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Oaktree Specialty Lending during the 4th quarter worth about $93,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Analyst Upgrades and Downgrades

OCSL has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. StockNews.com downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Oaktree Specialty Lending has a consensus rating of “Hold” and an average price target of $16.00.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.