Adalta Capital Management LLC Sells 20,105 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Adalta Capital Management LLC lowered 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 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

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

Oaktree Specialty Lending Trading Up 0.5%

Shares of OCSL traded up $0.07 during trading hours on Friday, hitting $14.10. 312,354 shares of the stock traded hands, compared to its average volume of 755,239. The business has a fifty day moving average of $14.35 and a 200-day moving average of $15.26. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.24 billion, a PE ratio of 21.05 and a beta of 0.74. Oaktree Specialty Lending Co. has a 1-year low of $12.50 and a 1-year high of $19.80.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted 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). Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business had revenue of $70.52 million for the quarter, compared to the consensus estimate of $84.67 million. During the same period last year, the firm earned $0.56 earnings per share. Analysts expect 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.35%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's payout ratio is 1,230.77%.

Insiders Place Their Bets

In other news, insider Armen Panossian bought 8,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were 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 in the company, valued at $293,748.57. This represents a 62.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson purchased 14,910 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $13.41 per share, with a total value of $199,943.10. Following the completion of the purchase, the director now directly owns 71,667 shares in the company, valued at approximately $961,054.47. This represents a 26.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company's stock.

Wall Street Analysts Forecast Growth

OCSL has been the topic of a number of recent analyst reports. B. Riley initiated coverage on Oaktree Specialty Lending in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective 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. Wall Street Zen lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Wells Fargo & Company reduced their price target on shares of 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, Keefe, Bruyette & Woods dropped 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 report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, Oaktree Specialty Lending has a consensus rating of "Hold" and a consensus target price of $15.83.

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.