Oaktree Specialty Lending Corp (NASDAQ:OCSL) Director Marc Gamsin purchased 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $4.39 per share, for a total transaction of $153,650.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Oaktree Specialty Lending Corp (OCSL) traded down $0.04 during mid-day trading on Wednesday, reaching $4.43. 698,651 shares of the company’s stock traded hands, compared to its average volume of 932,716. The firm has a market cap of $620.93, a price-to-earnings ratio of -4.06, a P/E/G ratio of 6.01 and a beta of 0.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. Oaktree Specialty Lending Corp has a 52 week low of $3.90 and a 52 week high of $5.91.
Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Thursday, February 8th. The credit services provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The company 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%. equities research analysts predict that Oaktree Specialty Lending Corp will post 0.37 earnings per share for the current fiscal year.
OCSL has been the topic of several analyst reports. National Securities reaffirmed a “neutral” rating and set a $5.00 price target on shares of Oaktree Specialty Lending in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Oaktree Specialty Lending from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Maxim Group reaffirmed a “hold” rating on shares of Oaktree Specialty Lending in a research note on Tuesday, December 26th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 price target on shares of Oaktree Specialty Lending in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.50.
Hedge funds have recently made changes to their positions in the business. Comerica Bank acquired a new position in Oaktree Specialty Lending during the 4th quarter worth $109,000. Sheaff Brock Investment Advisors LLC acquired a new position in Oaktree Specialty Lending during the 4th quarter worth $114,000. Hillsdale Investment Management Inc. acquired a new position in Oaktree Specialty Lending during the 3rd quarter worth $129,000. Radcliffe Capital Management L.P. acquired a new position in Oaktree Specialty Lending during the 4th quarter worth $124,000. Finally, Advisor Group Inc. acquired a new position in Oaktree Specialty Lending during the 4th quarter worth $133,000. 35.87% of the stock is owned by institutional investors.
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About Oaktree Specialty Lending
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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