Koch Industries Inc. acquired a new stake in Oaktree Specialty Lending Corp (NASDAQ:OCSL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 35,584 shares of the credit services provider’s stock, valued at approximately $174,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Comerica Bank acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $109,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $114,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Oaktree Specialty Lending in the third quarter valued at approximately $129,000. Brown Advisory Securities LLC acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $169,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $173,000. Institutional investors own 42.52% of the company’s stock.
A number of analysts have recently issued reports on OCSL shares. National Securities downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $5.00 in a report on Friday, December 1st. Keefe, Bruyette & Woods set a $6.00 price objective on shares of Oaktree Specialty Lending and gave the company a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Maxim Group reiterated a “hold” rating on shares of Oaktree Specialty Lending in a report on Tuesday, December 26th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $5.00 price objective on shares of Oaktree Specialty Lending in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Oaktree Specialty Lending currently has a consensus rating of “Hold” and a consensus target price of $5.57.
In other news, Director Marc Gamsin bought 35,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $4.39 per share, for a total transaction of $153,650.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.
Oaktree Specialty Lending Corp (OCSL) opened at $4.32 on Friday. The firm has a market cap of $608.95, a price-to-earnings ratio of 9.82, a P/E/G ratio of 5.89 and a beta of 0.16. Oaktree Specialty Lending Corp has a fifty-two week low of $3.90 and a fifty-two week high of $5.91. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51.
Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Thursday, February 8th. The credit services provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $33.88 million for the quarter, compared to analyst estimates of $35.00 million. Oaktree Specialty Lending had a positive return on equity of 6.74% and a negative net margin of 95.68%. analysts anticipate that Oaktree Specialty Lending Corp will post 0.37 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.085 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.34 dividend on an annualized basis and a yield of 7.87%. Oaktree Specialty Lending’s payout ratio is -31.19%.
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Oaktree Specialty Lending Profile
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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