Blue Trust Inc. Purchases 20,768 Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Blue Trust Inc. lifted its position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 43.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,622 shares of the credit services provider's stock after purchasing an additional 20,768 shares during the quarter. Blue Trust Inc. owned 0.08% of Oaktree Specialty Lending worth $1,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canton Hathaway LLC bought a new position in shares of Oaktree Specialty Lending during the fourth quarter worth $44,000. Oxford Asset Management LLP bought a new position in shares of Oaktree Specialty Lending during the fourth quarter worth $178,000. ProShare Advisors LLC boosted its position in shares of Oaktree Specialty Lending by 16.6% during the fourth quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock worth $228,000 after purchasing an additional 2,124 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Oaktree Specialty Lending during the fourth quarter worth $232,000. Finally, Fox Run Management L.L.C. raised its holdings in shares of Oaktree Specialty Lending by 54.4% during the fourth quarter. Fox Run Management L.L.C. now owns 15,525 shares of the credit services provider's stock worth $237,000 after acquiring an additional 5,471 shares during the period. 36.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on OCSL. Wall Street Zen lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Wells Fargo & Company dropped their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. 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 on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped 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 report on Thursday, April 24th. Finally, B. Riley began coverage on shares of Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Oaktree Specialty Lending presently has an average rating of "Hold" and an average target price of $15.83.

Insider Buying and Selling at Oaktree Specialty Lending

In other news, Director Craig A. Jacobson acquired 14,910 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of $13.41 per share, for a total transaction of $199,943.10. Following the purchase, the director now directly owns 71,667 shares of the company's stock, valued at approximately $961,054.47. This trade represents a 26.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Armen Panossian acquired 8,000 shares of the 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 completion of the purchase, the insider now directly owns 20,789 shares in the company, valued at $293,748.57. The trade was a 62.55% 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.

Oaktree Specialty Lending Stock Up 0.7%

Shares of OCSL stock opened at $13.79 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Corp. has a 1 year low of $12.50 and a 1 year high of $19.09. The firm's fifty day moving average price is $14.15 and its two-hundred day moving average price is $15.03. The firm has a market capitalization of $1.21 billion, a P/E ratio of 106.08 and a beta of 0.70.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. The business had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. On average, equities analysts predict that Oaktree Specialty Lending Corp. 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 annualized dividend and a yield of 11.60%. Oaktree Specialty Lending's payout ratio is currently 1,230.77%.

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.

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