651,753 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Purchased by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 651,753 shares of the credit services provider's stock, valued at approximately $9,959,000. Castlekeep Investment Advisors LLC owned about 0.79% of Oaktree Specialty Lending at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Balyasny Asset Management L.P. acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at about $18,109,000. Invesco Ltd. grew its position in shares of Oaktree Specialty Lending by 1,300.1% during the 4th quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock worth $13,384,000 after buying an additional 813,352 shares during the period. Private Management Group Inc. grew its position in shares of Oaktree Specialty Lending by 51.3% during the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock worth $32,534,000 after buying an additional 721,629 shares during the period. Generali Asset Management SPA SGR bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at $8,225,000. Finally, Bruni J V & Co. Co. lifted its position in shares of Oaktree Specialty Lending by 26.0% during the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock valued at $29,483,000 after acquiring an additional 398,241 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oaktree Specialty Lending

In related news, Director Craig A. Jacobson acquired 14,910 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the completion of the acquisition, the director now owns 71,667 shares of the company's stock, valued at approximately $961,054.47. This represents a 26.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OCSL shares. Wells Fargo & Company dropped their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $16.00.

Oaktree Specialty Lending Stock Up 0.8 %

Shares of NASDAQ:OCSL traded up $0.11 during mid-day trading on Friday, hitting $13.77. 367,671 shares of the company traded hands, compared to its average volume of 757,195. The stock has a market cap of $1.21 billion, a P/E ratio of 20.55 and a beta of 0.74. The stock has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $15.39. Oaktree Specialty Lending Co. has a 12-month low of $12.50 and a 12-month high of $19.80. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm had revenue of $70.52 million during the quarter, compared to the consensus estimate of $84.67 million. During the same quarter in the previous year, the company earned $0.56 EPS. On average, equities research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.62%. Oaktree Specialty Lending's payout ratio is presently 1,230.77%.

About Oaktree Specialty Lending

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