Oaktree Specialty Lending Corp (NASDAQ:OCSL) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,350,000 shares, an increase of 14.4% from the January 15th total of 1,180,000 shares. Based on an average trading volume of 513,400 shares, the short-interest ratio is presently 2.6 days. Approximately 1.1% of the shares of the stock are short sold.

A number of research firms have recently weighed in on OCSL. Zacks Investment Research lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Wells Fargo & Co raised Oaktree Specialty Lending from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective for the company in a research note on Wednesday, January 15th. They noted that the move was a valuation call. BidaskClub lowered Oaktree Specialty Lending from a “sell” rating to a “strong sell” rating in a research note on Friday, February 7th. TheStreet raised Oaktree Specialty Lending from a “c+” rating to a “b-” rating in a research note on Friday, January 24th. Finally, ValuEngine raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.38.

Oaktree Specialty Lending stock traded up $0.04 during midday trading on Friday, reaching $5.40. 635,200 shares of the stock traded hands, compared to its average volume of 568,200. The stock’s fifty day moving average is $5.51 and its 200-day moving average is $5.29. Oaktree Specialty Lending has a 12 month low of $5.00 and a 12 month high of $5.75. The stock has a market cap of $755.55 million, a P/E ratio of 6.75, a PEG ratio of 6.65 and a beta of 0.51. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.17.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Thursday, February 6th. The credit services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Oaktree Specialty Lending had a net margin of 79.98% and a return on equity of 6.96%. The firm had revenue of $30.96 million for the quarter, compared to the consensus estimate of $34.68 million. On average, equities analysts predict that Oaktree Specialty Lending will post 0.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date is Thursday, March 12th. Oaktree Specialty Lending’s payout ratio is presently 79.17%.

In other news, major shareholder Leonard M. Tannenbaum sold 198,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $5.22, for a total value of $1,036,170.00. Following the completion of the transaction, the insider now owns 15,166,858 shares of the company’s stock, valued at $79,170,998.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 161,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.25, for a total value of $845,250.00. Following the completion of the transaction, the insider now directly owns 15,166,858 shares of the company’s stock, valued at approximately $79,626,004.50. The disclosure for this sale can be found here. In the last ninety days, insiders bought 12,990 shares of company stock valued at $68,348 and sold 893,118 shares valued at $4,775,167. Corporate insiders own 0.19% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. boosted its stake in Oaktree Specialty Lending by 3.2% during the fourth quarter. Benjamin Edwards Inc. now owns 63,528 shares of the credit services provider’s stock valued at $347,000 after buying an additional 1,961 shares during the last quarter. Confluence Investment Management LLC boosted its stake in Oaktree Specialty Lending by 0.6% during the third quarter. Confluence Investment Management LLC now owns 320,412 shares of the credit services provider’s stock valued at $1,660,000 after buying an additional 1,974 shares during the last quarter. Victory Capital Management Inc. raised its position in Oaktree Specialty Lending by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 23,243 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 2,177 shares during the period. DNB Asset Management AS raised its position in Oaktree Specialty Lending by 2.0% during the third quarter. DNB Asset Management AS now owns 132,800 shares of the credit services provider’s stock valued at $688,000 after purchasing an additional 2,600 shares during the period. Finally, Gabelli Funds LLC raised its position in Oaktree Specialty Lending by 1.0% during the third quarter. Gabelli Funds LLC now owns 374,493 shares of the credit services provider’s stock valued at $1,940,000 after purchasing an additional 3,723 shares during the period. 50.27% of the stock is owned by institutional investors.

Oaktree Specialty Lending Company Profile

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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