Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Shares Bought by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC increased its position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 651.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,275 shares of the credit services provider's stock after purchasing an additional 276,782 shares during the period. Oaktree Specialty Lending accounts for approximately 2.5% of Castlekeep Investment Advisors LLC's portfolio, making the stock its 11th largest position. Castlekeep Investment Advisors LLC owned 0.39% of Oaktree Specialty Lending worth $4,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OCSL. Raymond James Financial Inc. acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter worth $701,000. Wealthfront Advisers LLC acquired a new position in Oaktree Specialty Lending in the fourth quarter valued at $232,000. Commonwealth Equity Services LLC boosted its stake in Oaktree Specialty Lending by 15.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 116,533 shares of the credit services provider's stock valued at $1,781,000 after acquiring an additional 15,673 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Oaktree Specialty Lending by 102.7% in the fourth quarter. Corient Private Wealth LLC now owns 58,241 shares of the credit services provider's stock valued at $890,000 after acquiring an additional 29,502 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Oaktree Specialty Lending in the fourth quarter valued at $8,225,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. decreased their target price on shares of 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. Keefe, Bruyette & Woods decreased 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 research note on Tuesday, April 8th. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Finally, B. Riley initiated coverage on shares of Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price target for the company. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.83.

Insider Activity at Oaktree Specialty Lending

In other news, insider Armen Panossian bought 8,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 purchased at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the transaction, the director owned 71,667 shares of the company's stock, valued at $961,054.47. The trade was a 26.27% increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is owned by corporate insiders.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock traded down $0.02 during mid-day trading on Thursday, reaching $14.59. The company had a trading volume of 394,510 shares, compared to its average volume of 762,338. Oaktree Specialty Lending Corp. has a 1 year low of $12.50 and a 1 year high of $18.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $1.29 billion, a P/E ratio of 112.35 and a beta of 0.68. The stock's 50-day simple moving average is $14.12 and its 200-day simple moving average is $14.80.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results 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 business had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, equities analysts predict that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 10.97%. Oaktree Specialty Lending's dividend payout ratio is presently 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.