Bank of America Corp DE Sells 64,931 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Bank of America Corp DE cut its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 70.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,933 shares of the credit services provider's stock after selling 64,931 shares during the quarter. Bank of America Corp DE's holdings in Oaktree Specialty Lending were worth $412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canton Hathaway LLC bought a new position in Oaktree Specialty Lending in the 4th quarter valued at approximately $44,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending in the 4th quarter valued at approximately $106,000. Oxford Asset Management LLP bought a new position in Oaktree Specialty Lending in the 4th quarter valued at approximately $178,000. Bfsg LLC lifted its position in Oaktree Specialty Lending by 52.1% in the 4th quarter. Bfsg LLC now owns 12,555 shares of the credit services provider's stock valued at $192,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Oaktree Specialty Lending in the 4th quarter valued at approximately $232,000. 36.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oaktree Specialty Lending news, Director Craig A. Jacobson purchased 14,910 shares of the business's stock in a transaction on 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 approximately $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 is available through this link. Also, insider Armen Panossian purchased 8,000 shares of the business's stock in a transaction 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 purchase, the insider now directly owns 20,789 shares in the company, valued at $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.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ:OCSL traded down $0.67 during midday trading on Monday, hitting $13.68. The company had a trading volume of 803,462 shares, compared to its average volume of 754,722. 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 $1.21 billion, a price-to-earnings ratio of 20.42 and a beta of 0.70. Oaktree Specialty Lending Co. has a 12-month low of $12.50 and a 12-month high of $19.09. The company has a fifty day moving average of $14.16 and a two-hundred day moving average of $15.07.

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 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). The company had revenue of $70.52 million during the quarter, compared to analysts' expectations 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 quarter last year, the company earned $0.56 earnings per share. On average, equities research analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 11.70%. Oaktree Specialty Lending's payout ratio is presently 1,230.77%.

Analyst Ratings Changes

Several equities analysts recently issued reports on OCSL shares. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. lowered their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. B. Riley initiated coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price target on the stock. Finally, Keefe, Bruyette & Woods lowered their price target on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Oaktree Specialty Lending currently has an average rating of "Hold" and a consensus price target of $15.83.

Oaktree Specialty Lending 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.