Aquatic Capital Management LLC Takes Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Aquatic Capital Management LLC bought a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,504 shares of the credit services provider's stock, valued at approximately $436,000.

Several other large investors have also modified their holdings of OCSL. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending in the fourth quarter valued at $44,000. Spire Wealth Management purchased a new position in Oaktree Specialty Lending during the 4th quarter valued at about $68,000. Geneos Wealth Management Inc. acquired a new position in Oaktree Specialty Lending during the fourth quarter worth about $93,000. SG Americas Securities LLC purchased a new position in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $106,000. Finally, EMC Capital Management grew its holdings in shares of Oaktree Specialty Lending by 53.2% during the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock worth $133,000 after buying an additional 3,026 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Insider Buying and Selling at Oaktree Specialty Lending

In related news, Director Craig A. Jacobson purchased 14,910 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $13.41 per share, with a total value of $199,943.10. Following the acquisition, the director now directly owns 71,667 shares in the company, valued at $961,054.47. The trade was a 26.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company's stock.

Analyst Ratings Changes

OCSL has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company reduced their target price on 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. StockNews.com cut Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods decreased their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $16.00.

Oaktree Specialty Lending Price Performance

NASDAQ:OCSL traded up $0.30 during trading hours on Thursday, reaching $13.64. The company had a trading volume of 241,790 shares, compared to its average volume of 797,678. The stock has a 50-day moving average of $14.76 and a two-hundred day moving average of $15.43. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a one year low of $12.50 and a one year high of $19.80. The firm has a market capitalization of $1.12 billion, a PE ratio of 20.36 and a beta of 0.74.

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

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 11.73%. Oaktree Specialty Lending's payout ratio is presently 1,230.77%.

Oaktree Specialty Lending Company Profile

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.