Oaktree Specialty Lending Corp (NASDAQ:OCSL) Director Deborah Ann Gero Purchases 2,000 Shares

Oaktree Specialty Lending Corp (NASDAQ:OCSL) Director Deborah Ann Gero purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $5.46 per share, for a total transaction of $10,920.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Deborah Ann Gero also recently made the following trade(s):

  • On Thursday, June 6th, Deborah Ann Gero purchased 3,000 shares of Oaktree Specialty Lending stock. The stock was bought at an average cost of $5.44 per share, for a total transaction of $16,320.00.
  • On Tuesday, May 14th, Deborah Ann Gero purchased 2,000 shares of Oaktree Specialty Lending stock. The stock was bought at an average cost of $5.48 per share, for a total transaction of $10,960.00.

Shares of Oaktree Specialty Lending stock traded up $0.04 during trading on Friday, reaching $5.47. The company’s stock had a trading volume of 288,143 shares, compared to its average volume of 358,474. Oaktree Specialty Lending Corp has a 52-week low of $4.08 and a 52-week high of $5.75. The stock has a market capitalization of $765.42 million, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 5.54 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.06 and a current ratio of 0.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Oaktree Specialty Lending had a net margin of 102.18% and a return on equity of 7.62%. The company had revenue of $38.24 million during the quarter, compared to analysts’ expectations of $36.90 million. On average, equities research analysts forecast that Oaktree Specialty Lending Corp will post 0.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 6.95%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 88.37%.

Several institutional investors have recently made changes to their positions in OCSL. Bayview Asset Management LLC purchased a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at $10,802,000. Hilton Capital Management LLC boosted its stake in shares of Oaktree Specialty Lending by 30.0% in the 1st quarter. Hilton Capital Management LLC now owns 5,040,033 shares of the credit services provider’s stock valued at $26,107,000 after purchasing an additional 1,164,424 shares in the last quarter. Investment Management of Virginia LLC boosted its stake in shares of Oaktree Specialty Lending by 706.8% in the 4th quarter. Investment Management of Virginia LLC now owns 1,259,673 shares of the credit services provider’s stock valued at $5,328,000 after purchasing an additional 1,103,541 shares in the last quarter. AJO LP purchased a new stake in shares of Oaktree Specialty Lending in the 1st quarter valued at $5,641,000. Finally, Bruni J V & Co. Co. boosted its stake in shares of Oaktree Specialty Lending by 28.3% in the 4th quarter. Bruni J V & Co. Co. now owns 3,958,176 shares of the credit services provider’s stock valued at $16,743,000 after purchasing an additional 872,638 shares in the last quarter. 48.28% of the stock is owned by institutional investors.

OCSL has been the topic of a number of research analyst reports. National Securities reissued a “buy” rating and issued a $7.00 price target on shares of Oaktree Specialty Lending in a report on Monday, May 13th. ValuEngine lowered shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Monday, April 1st. TheStreet lowered shares of Oaktree Specialty Lending from a “b” rating to a “c” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research raised shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $5.88.

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Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.

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