Mathew Pendo Buys 2,100 Shares of Oaktree Specialty Lending Corp (OCSL) Stock
Oaktree Specialty Lending Corp (NASDAQ:OCSL) COO Mathew Pendo acquired 2,100 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were bought at an average price of $5.00 per share, for a total transaction of $10,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NASDAQ:OCSL opened at $4.98 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.47. The stock has a market cap of $707.62 million, a PE ratio of 9.76, a price-to-earnings-growth ratio of 6.07 and a beta of 0.14. Oaktree Specialty Lending Corp has a one year low of $4.17 and a one year high of $5.91.
Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Wednesday, August 8th. The credit services provider reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $31.85 million during the quarter, compared to the consensus estimate of $32.43 million. Oaktree Specialty Lending had a negative net margin of 82.24% and a positive return on equity of 6.50%. equities analysts predict that Oaktree Specialty Lending Corp will post 0.41 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Jane Street Group LLC increased its position in shares of Oaktree Specialty Lending by 91.7% during the first quarter. Jane Street Group LLC now owns 25,299 shares of the credit services provider’s stock worth $107,000 after acquiring an additional 12,103 shares in the last quarter. Marquette Asset Management LLC bought a new stake in Oaktree Specialty Lending in the 2nd quarter worth about $159,000. CIBC World Markets Inc. bought a new stake in Oaktree Specialty Lending in the 1st quarter worth about $176,000. Monarch Partners Asset Management LLC grew its position in Oaktree Specialty Lending by 13.3% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 123,740 shares of the credit services provider’s stock worth $591,000 after purchasing an additional 14,520 shares in the last quarter. Finally, Laurel Grove Capital LLC grew its position in Oaktree Specialty Lending by 9.4% in the 2nd quarter. Laurel Grove Capital LLC now owns 359,850 shares of the credit services provider’s stock worth $1,720,000 after purchasing an additional 31,000 shares in the last quarter. 42.36% of the stock is owned by institutional investors.
OCSL has been the subject of several recent research reports. Zacks Investment Research raised shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Saturday, August 11th. National Securities reissued a “neutral” rating and set a $5.00 target price on shares of Oaktree Specialty Lending in a research report on Monday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of Oaktree Specialty Lending from $5.00 to $5.50 and gave the stock an “overweight” rating in a research report on Friday, August 10th. ValuEngine downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Keefe, Bruyette & Woods raised shares of Oaktree Specialty Lending from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 21st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Oaktree Specialty Lending currently has an average rating of “Buy” and a consensus price target of $5.42.
Oaktree Specialty Lending Company Profile
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.
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