Insider Buying: Oaktree Specialty Lending Corp (OCSL) COO Purchases $55,920.00 in Stock

Oaktree Specialty Lending Corp (NASDAQ:OCSL) COO Mathew Pendo bought 12,000 shares of the company’s stock in a transaction 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Oaktree Specialty Lending Corp (OCSL) traded up $0.09 during mid-day trading on Friday, hitting $4.92. 1,100,400 shares of the stock traded hands, compared to its average volume of 1,086,035. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.22 and a current ratio of 0.22. Oaktree Specialty Lending Corp has a 12 month low of $3.90 and a 12 month high of $5.91. The stock has a market cap of $680.84, a price-to-earnings ratio of 9.47, a P/E/G ratio of 5.80 and a beta of 0.05.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Wednesday, November 29th. The credit services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). Oaktree Specialty Lending had a negative net margin of 110.68% and a positive return on equity of 7.40%. The business had revenue of $35.73 million during the quarter. equities research analysts anticipate that Oaktree Specialty Lending Corp will post 0.42 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Oaktree Specialty Lending stock. Hillsdale Investment Management Inc. acquired a new stake in Oaktree Specialty Lending Corp (NASDAQ:OCSL) in the third quarter, according to its most recent filing with the SEC. The fund acquired 23,600 shares of the credit services provider’s stock, valued at approximately $129,000. 35.06% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on OCSL. Zacks Investment Research cut shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Keefe, Bruyette & Woods set a $6.00 price target on shares of Oaktree Specialty Lending and gave the stock a “hold” rating in a research note on Thursday, November 30th. National Securities lowered shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $5.00 in a research note on Friday, December 1st. J P Morgan Chase & Co raised 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. Finally, BMO Capital Markets restated a “hold” rating and set a $4.00 price target on shares of Oaktree Specialty Lending in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Oaktree Specialty Lending presently has an average rating of “Hold” and an average price target of $5.63.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/12/22/insider-buying-oaktree-specialty-lending-corp-ocsl-coo-purchases-55920-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

What are top analysts saying about Oaktree Specialty Lending? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Oaktree Specialty Lending and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit