Brevan Howard Capital Management LP Purchases Shares of 31,586 Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Brevan Howard Capital Management LP acquired a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 31,586 shares of the credit services provider's stock, valued at approximately $483,000.

Several other hedge funds also recently modified their holdings of the stock. Claret Asset Management Corp raised its holdings in shares of Oaktree Specialty Lending by 0.9% in the fourth quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider's stock valued at $22,846,000 after purchasing an additional 13,949 shares during the last quarter. Rezny Wealth Management Inc. increased its holdings in shares of Oaktree Specialty Lending by 6.4% in the 4th quarter. Rezny Wealth Management Inc. now owns 274,035 shares of the credit services provider's stock worth $4,187,000 after buying an additional 16,544 shares during the last quarter. Barclays PLC raised its stake in shares of Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock worth $1,725,000 after acquiring an additional 2,140 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Oaktree Specialty Lending during the 4th quarter valued at $311,000. Finally, Raymond James Financial Inc. purchased a new stake in Oaktree Specialty Lending in the fourth quarter worth $701,000. 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 acquired 14,910 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the transaction, the director now owns 71,667 shares of the company's stock, valued at approximately $961,054.47. The trade was a 26.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Oaktree Specialty Lending Price Performance

OCSL traded up $0.23 on Monday, hitting $14.02. 654,556 shares of the company were exchanged, compared to its average volume of 756,785. The firm has a market capitalization of $1.23 billion, a P/E ratio of 20.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The business's fifty day moving average is $14.63 and its 200 day moving average is $15.37. Oaktree Specialty Lending Co. has a fifty-two week low of $12.50 and a fifty-two week high of $19.80.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The firm had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same period in the prior year, the firm earned $0.56 EPS. As a group, sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.41%. Oaktree Specialty Lending's payout ratio is currently 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.