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

Oaktree Specialty Lending Co. (NASDAQ:OCSL) Director Craig A. Jacobson bought 14,910 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $13.41 per share, with a total value of $199,943.10. Following the completion of the purchase, the director now directly owns 71,667 shares in the company, valued at $961,054.47. This represents a 26.27 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Oaktree Specialty Lending Stock Up 2.4 %

OCSL stock opened at $13.66 on Friday. Oaktree Specialty Lending Co. has a one year low of $12.50 and a one year high of $19.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s fifty day moving average is $14.72 and its 200 day moving average is $15.41. The firm has a market cap of $1.12 billion, a PE ratio of 20.39 and a beta of 0.74.

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

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given 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 11.71%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 1,230.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on OCSL shares. JPMorgan Chase & Co. lowered their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price target on Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Wells Fargo & Company cut their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, Oaktree Specialty Lending presently has a consensus rating of “Hold” and an average price target of $16.00.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in Oaktree Specialty Lending by 388.9% during the first quarter. US Bancorp DE now owns 3,256 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 2,590 shares in the last quarter. Melia Wealth LLC boosted its holdings in Oaktree Specialty Lending by 9.8% in the 1st quarter. Melia Wealth LLC now owns 879,520 shares of the credit services provider’s stock worth $13,509,000 after buying an additional 78,304 shares during the last quarter. LPL Financial LLC increased its stake in Oaktree Specialty Lending by 49.4% during the 1st quarter. LPL Financial LLC now owns 159,341 shares of the credit services provider’s stock worth $2,447,000 after buying an additional 52,681 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of Oaktree Specialty Lending by 2.6% during the first quarter. Private Management Group Inc. now owns 2,185,006 shares of the credit services provider’s stock valued at $33,562,000 after acquiring an additional 55,804 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Oaktree Specialty Lending by 20.3% in the first quarter. Cetera Investment Advisers now owns 27,176 shares of the credit services provider’s stock valued at $417,000 after acquiring an additional 4,589 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

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.