Oaktree Specialty Lending Corp (OCSL) Director Craig A. Jacobson Buys 19,160 Shares

Oaktree Specialty Lending Corp (NASDAQ:OCSL) Director Craig A. Jacobson bought 19,160 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was bought at an average price of $5.22 per share, with a total value of $100,015.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Oaktree Specialty Lending stock traded down $0.04 during midday trading on Friday, reaching $5.16. 327,767 shares of the company’s stock traded hands, compared to its average volume of 434,029. The company has a market capitalization of $741.45 million, a P/E ratio of 12.00, a P/E/G ratio of 5.44 and a beta of 0.58. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.45. Oaktree Specialty Lending Corp has a 52 week low of $4.08 and a 52 week high of $5.29.

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Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Thursday, February 7th. The credit services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $38.28 million for the quarter, compared to the consensus estimate of $36.80 million. Oaktree Specialty Lending had a net margin of 73.31% and a return on equity of 7.54%. On average, equities research analysts predict that Oaktree Specialty Lending Corp will post 0.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.36%. Oaktree Specialty Lending’s dividend payout ratio is currently 88.37%.

A number of equities research analysts have issued reports on the stock. JMP Securities increased their target price on shares of Oaktree Specialty Lending from $5.50 to $5.75 and gave the stock a “market outperform” rating in a research report on Monday, December 17th. ValuEngine upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. TheStreet upgraded shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, National Securities reiterated a “neutral” rating and issued a $5.00 target price on shares of Oaktree Specialty Lending in a research report on Monday, December 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $5.79.

Several institutional investors have recently added to or reduced their stakes in the company. River Road Asset Management LLC grew its position in Oaktree Specialty Lending by 4.0% in the 3rd quarter. River Road Asset Management LLC now owns 6,969,793 shares of the credit services provider’s stock worth $34,570,000 after purchasing an additional 270,487 shares during the last quarter. Private Management Group Inc. grew its position in Oaktree Specialty Lending by 0.9% in the 4th quarter. Private Management Group Inc. now owns 4,793,599 shares of the credit services provider’s stock worth $20,277,000 after purchasing an additional 44,677 shares during the last quarter. Bruni J V & Co. Co. grew its position in Oaktree Specialty Lending by 28.3% in the 4th quarter. Bruni J V & Co. Co. now owns 3,958,176 shares of the credit services provider’s stock worth $16,743,000 after purchasing an additional 872,638 shares during the last quarter. Hilton Capital Management LLC grew its position in Oaktree Specialty Lending by 24.6% in the 3rd quarter. Hilton Capital Management LLC now owns 3,957,659 shares of the credit services provider’s stock worth $19,630,000 after purchasing an additional 780,594 shares during the last quarter. Finally, Bayview Asset Management LLC acquired a new stake in Oaktree Specialty Lending in the 4th quarter worth $10,802,000. Institutional investors and hedge funds own 45.77% of the company’s stock.

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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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