Oaktree Specialty Lending Co. (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $6.25, for a total value of $625,000.00. Following the completion of the transaction, the insider now owns 23,022,479 shares of the company’s stock, valued at $143,890,493.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
NASDAQ OCSL opened at $6.49 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $914.84 million, a P/E ratio of 23.18 and a beta of 1.45. Oaktree Specialty Lending Co. has a one year low of $3.39 and a one year high of $6.59. The stock has a 50 day moving average price of $6.20 and a 200-day moving average price of $5.56.
Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Wednesday, February 3rd. The credit services provider reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $38.20 million during the quarter, compared to the consensus estimate of $36.86 million. Oaktree Specialty Lending had a return on equity of 8.29% and a net margin of 27.40%. As a group, equities analysts predict that Oaktree Specialty Lending Co. will post 0.53 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Oaktree Specialty Lending during the 4th quarter valued at $28,000. Johnson Midwest Financial LLC purchased a new stake in Oaktree Specialty Lending during the 4th quarter valued at $32,000. Squarepoint Ops LLC purchased a new stake in Oaktree Specialty Lending during the 4th quarter valued at $91,000. Schroder Investment Management Group purchased a new stake in Oaktree Specialty Lending during the 4th quarter valued at $106,000. Finally, Boston Private Wealth LLC purchased a new stake in Oaktree Specialty Lending during the 4th quarter valued at $123,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.
Several research firms have weighed in on OCSL. Zacks Investment Research downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Friday, February 5th. Hovde Group began coverage on Oaktree Specialty Lending in a research note on Friday, March 5th. They issued an “outperform” rating and a $7.25 price target for the company. Finally, TheStreet upgraded Oaktree Specialty Lending from a “c-” rating to a “b-” rating in a research note on Wednesday, December 9th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $5.63.
About Oaktree Specialty Lending
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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