Adalta Capital Management LLC Has $382,000 Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Adalta Capital Management LLC lessened its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 44.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,000 shares of the credit services provider's stock after selling 20,105 shares during the period. Adalta Capital Management LLC's holdings in Oaktree Specialty Lending were worth $382,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Canton Hathaway LLC purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at $44,000. Spire Wealth Management purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $68,000. Geneos Wealth Management Inc. purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $93,000. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth approximately $106,000. Finally, EMC Capital Management grew its position in 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 valued at $133,000 after purchasing an additional 3,026 shares in the last quarter. 36.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, insider Armen Panossian acquired 8,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $14.13 per share, with a total value of $113,040.00. Following the transaction, the insider now owns 20,789 shares of the company's stock, valued at approximately $293,748.57. This trade represents a 62.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig A. Jacobson bought 14,910 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $13.41 per share, with a total value of $199,943.10. Following the purchase, the director now owns 71,667 shares in the company, valued at $961,054.47. This trade represents a 26.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OCSL. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. B. Riley began coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective for the company. Keefe, Bruyette & Woods reduced their price objective on 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. Wells Fargo & Company dropped their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Oaktree Specialty Lending currently has an average rating of "Hold" and an average price target of $15.83.

Oaktree Specialty Lending Stock Up 0.5%

NASDAQ:OCSL traded up $0.07 during trading hours on Monday, reaching $14.10. The company's stock had a trading volume of 312,354 shares, compared to its average volume of 756,915. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 21.05 and a beta of 0.74. Oaktree Specialty Lending Co. has a one year low of $12.50 and a one year high of $19.80. The business's 50-day moving average is $14.35 and its 200-day moving average is $15.25.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. During the same period in the prior year, the firm earned $0.56 EPS. Equities research analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 11.35%. Oaktree Specialty Lending's payout ratio is currently 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.