Greenwich Investment Management Inc. purchased a new stake in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 955,995 shares of the credit services provider’s stock, valued at approximately $4,674,000. Oaktree Specialty Lending comprises 6.7% of Greenwich Investment Management Inc.’s holdings, making the stock its biggest holding. Greenwich Investment Management Inc. owned approximately 0.68% of Oaktree Specialty Lending as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of OCSL. Comerica Bank purchased a new position in Oaktree Specialty Lending during the 4th quarter valued at $109,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth about $114,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth about $129,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth about $124,000. Finally, Advisor Group Inc. purchased a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth about $133,000. Institutional investors own 42.52% of the company’s stock.
In other news, Director Marc Gamsin acquired 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $4.39 per share, with a total value of $153,650.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Mathew Pendo acquired 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $4.66 per share, for a total transaction of $55,920.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 387,934 shares of company stock worth $1,839,190 over the last three months. 0.10% of the stock is currently owned by insiders.
Shares of Oaktree Specialty Lending Corp (OCSL) opened at $4.52 on Tuesday. Oaktree Specialty Lending Corp has a 1 year low of $3.90 and a 1 year high of $5.91. The company has a market cap of $634.32, a PE ratio of -4.15, a P/E/G ratio of 6.14 and a beta of 0.16. 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 (NASDAQ:OCSL) last announced its quarterly earnings data on Thursday, February 8th. The credit services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Oaktree Specialty Lending had a negative net margin of 95.68% and a positive return on equity of 6.74%. The firm had revenue of $33.88 million for the quarter, compared to analysts’ expectations of $35.00 million. equities analysts predict that Oaktree Specialty Lending Corp will post 0.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend is Wednesday, March 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is -45.87%.
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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