Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Acquired by Alpine Global Management LLC

Alpine Global Management LLC raised its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 180.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,000 shares of the credit services provider's stock after buying an additional 180,000 shares during the period. Oaktree Specialty Lending comprises approximately 0.9% of Alpine Global Management LLC's investment portfolio, making the stock its 19th biggest holding. Alpine Global Management LLC owned approximately 0.34% of Oaktree Specialty Lending worth $4,278,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in OCSL. Cornerstone Advisory LLC increased its holdings in Oaktree Specialty Lending by 167.4% in the 4th quarter. Cornerstone Advisory LLC now owns 172,233 shares of the credit services provider's stock worth $2,718,000 after purchasing an additional 107,822 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Oaktree Specialty Lending by 16.6% during the 4th quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock worth $228,000 after buying an additional 2,124 shares in the last quarter. Millennium Management LLC bought a new position in Oaktree Specialty Lending during the fourth quarter valued at about $5,882,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $2,611,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at $483,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

OCSL has been the topic of a number of analyst reports. Wall Street Zen lowered Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods dropped their target price 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. B. Riley started coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price for the company. Wells Fargo & Company decreased their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their target price on 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. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $15.83.

Oaktree Specialty Lending Stock Up 0.3%

OCSL traded up $0.05 on Wednesday, hitting $14.44. The company had a trading volume of 136,769 shares, compared to its average volume of 753,086. Oaktree Specialty Lending Co. has a 12-month low of $12.50 and a 12-month high of $19.80. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.55 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 stock has a fifty day moving average price of $14.29 and a 200-day moving average price of $15.23.

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 (EPS) 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 company had revenue of $70.52 million during the quarter, compared to analysts' expectations of $84.67 million. During the same period in the prior year, the business posted $0.56 EPS. Analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is 1,230.77%.

Insider Buying and Selling

In related news, Director Craig A. Jacobson acquired 14,910 shares of the firm's stock in a transaction dated 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 purchase, the director now owns 71,667 shares of the company's stock, valued at $961,054.47. This represents a 26.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Armen Panossian bought 8,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $14.13 per share, for a total transaction of $113,040.00. Following the transaction, the insider now directly owns 20,789 shares of the company's stock, valued at approximately $293,748.57. This represents a 62.55% increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by company insiders.

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.