Phyllis Caldwell Acquires 2,500 Shares of Oaktree Specialty Lending (NASDAQ:OCSL) Stock

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Director Phyllis Caldwell acquired 2,500 shares of Oaktree Specialty Lending stock in a transaction on Monday, March 16th. The stock was purchased at an average price of $10.77 per share, with a total value of $26,925.00. Following the purchase, the director owned 23,500 shares of the company’s stock, valued at $253,095. The trade was a 11.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock traded up $0.10 during trading on Wednesday, reaching $11.27. The company’s stock had a trading volume of 1,100,056 shares, compared to its average volume of 834,476. The company has a 50-day moving average price of $12.09 and a two-hundred day moving average price of $12.92. The firm has a market cap of $992.73 million, a PE ratio of 31.31 and a beta of 0.52. Oaktree Specialty Lending Corp. has a fifty-two week low of $10.63 and a fifty-two week high of $15.85. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.66.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Oaktree Specialty Lending had a net margin of 10.58% and a return on equity of 9.75%. The firm had revenue of $74.48 million during the quarter, compared to analysts’ expectations of $75.72 million. During the same quarter in the prior year, the business earned $0.54 EPS. On average, analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.2%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 444.44%.

Analysts Set New Price Targets

A number of research firms have weighed in on OCSL. Weiss Ratings cut Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Wall Street Zen raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Wells Fargo & Company reduced their target price on shares of Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Finally, Lucid Cap Mkts raised shares of Oaktree Specialty Lending to a “hold” rating in a report on Monday, December 15th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $12.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Oaktree Specialty Lending by 34.3% in the first quarter. Royal Bank of Canada now owns 468,879 shares of the credit services provider’s stock valued at $7,201,000 after acquiring an additional 119,775 shares during the period. Allworth Financial LP purchased a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at about $48,000. Creative Planning increased its holdings in shares of Oaktree Specialty Lending by 1.9% in the 2nd quarter. Creative Planning now owns 53,128 shares of the credit services provider’s stock valued at $726,000 after purchasing an additional 996 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Oaktree Specialty Lending by 10.3% in the second quarter. Rockefeller Capital Management L.P. now owns 368,923 shares of the credit services provider’s stock valued at $5,039,000 after purchasing an additional 34,476 shares during the period. Finally, MTM Investment Management LLC purchased a new stake in Oaktree Specialty Lending during the second quarter worth about $34,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.