Oaktree Specialty Lending Co. (NASDAQ: OCSL) major shareholder Leonard M. Tannenbaum sold 1,647 shares of the company’s stock in a trade on Monday, May 24. The stock was sold for an average price of $ 6.70, for a total value of $ 11,034.90. Following the closing of the sale, the insider now directly owns 21,292,165 shares of the company, valued at $ 142,657,505.50. The transaction was disclosed in a legal deposit with the Securities & Exchange Commission, available at this link. Major shareholders who own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Leonard M. Tannenbaum also recently completed the following business (s):
- On Thursday, April 29, Leonard M. Tannenbaum sold 388,182 shares of Oaktree Specialty Lending. The stock was sold for an average price of $ 6.75, for a total value of $ 2,620,228.50.
OCSL traded down $ 0.10 at noon Tuesday, to hit $ 6.60. The company had a trading volume of 836,125 shares, compared to an average volume of 807,846 shares. The company has a quick ratio of 0.11, a current ratio of 0.11, and a debt ratio of 0.23. The company has a 50-day moving average of $ 6.65 and a two-hundred-day moving average of $ 6.00. The company has a market cap of $ 1.19 billion, a P / E ratio of 2.74 and a beta of 1.47. Oaktree Specialty Lending Co. has a one-year low of $ 4.29 and a one-year high of $ 6.83.
Oaktree Specialty Lending (NASDAQ: OCSL) last released its quarterly results on Thursday, May 6. The credit services provider reported EPS of $ 0.14 for the quarter, hitting analyst consensus estimates of $ 0.14. The company posted revenue of $ 41.94 million in the quarter, compared to analysts’ expectations of $ 39.12 million. Oaktree Specialty Lending reported a return on equity of 8.16% and a net margin of 217.84%. On average, equity research analysts forecast Oaktree Specialty Lending Co. to post 0.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30. Shareholders of record on Tuesday, June 15 will receive a dividend of $ 0.13. This is a boost from Oaktree Specialty Lending’s previous quarterly dividend of $ 0.12. The ex-dividend date of this dividend is Monday June 14. This represents a dividend of $ 0.52 on an annualized basis and a yield of 7.88%. Oaktree Specialty Lending’s dividend payout ratio is currently 94.12%.
A number of research analysts have recently published reports on OCSL shares. Zacks investment research downgraded Oaktree Specialty Lending’s rating from a “buy” rating to a “hold” rating in a report released Wednesday, April 28. The Hovde Group assumed coverage of Oaktree’s specialty loans in a research report on Friday, March 5. They set an “outperformance” rating and a price target of $ 7.25 for the company. One investment analyst rated the stock with a sustaining rating and three gave the company a buy rating. The company currently has a consensus rating of “Buy” and an average target price of $ 6.31.
A number of institutional investors and hedge funds have recently changed their stakes in the company. Rivernorth Capital Management LLC increased its position in Oaktree Specialty Lending by 3.1% in the first quarter. Rivernorth Capital Management LLC now owns 6,079,328 shares of the credit service provider valued at $ 37,692,000 after purchasing an additional 180,993 shares in the last quarter. Private Management Group Inc. increased its stake in Oaktree Specialty Lending shares by 36.0% in the first quarter. Private Management Group Inc. now owns 6,041,064 shares of the credit service provider valued at $ 37,455,000 after acquiring an additional 1,600,113 shares during the period. Bruni JV & Co. Co. increased its stake in Oaktree Specialty Lending shares by 3.4% in the first quarter. Bruni JV & Co. Co. now owns 4,657,350 shares of the credit service provider valued at $ 28,876,000 after acquiring an additional 154,502 shares during the period. Ares Management LLC increased its stake in Oaktree Specialty Lending shares by 108.3% in the first quarter. Ares Management LLC now owns 4,095,814 shares of the credit service provider valued at $ 25,394,000 after acquiring an additional 2,129,926 shares during the period. Finally, Kennedy Capital Management Inc. increased its stake in Oaktree Specialty Lending shares by 25.6% in the first quarter. Kennedy Capital Management Inc. now owns 3,645,943 shares of the credit service provider valued at $ 22,605,000 after acquiring an additional 742,711 shares during the period. Institutional investors and hedge funds hold 53.43% of the company’s shares.
About Oaktree Specialty Loans
Oaktree Specialty Lending Corporation is a business development company specializing in mid-market investments, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, directed acquisitions by sponsors and management buyouts in small and medium-sized enterprises. large companies.
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