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.
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.
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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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